Crypto analyst Babenski has announced that XRP's price is poised for a breakout. He emphasized a bullish pattern that is emerging, which could potentially lead to a rally reaching a new all-time high (ATH).
In a post on TradingView, Babenski indicated that XRP is forming a small flag pattern above a significant previous accumulation zone. He suggested that a breakout may occur soon, with his analysis suggesting the altcoin could rise as high as $5, marking a new ATH.
Another analyst, Dark Defender, recently predicted that XRP's price might exceed $5 during Wave 5 of its upward impulsive move. He observed that the altcoin has been on a downward trend since January 17 of this year but noted an increase in support levels. Dark Defender mentioned that a crucial decision regarding XRP's price direction would be made within the next two weeks.
His analysis indicated that XRP could potentially reach $5.8563 in the next upward movement. In a separate post, he confirmed that the altcoin is already on track toward achieving a new all-time high.
Crypto analyst Egrag Crypto has also pointed out that XRP is at a pivotal moment and may soon make a significant move. In his latest assessment, he indicated that XRP is at a critical juncture with a major formation breakout. He estimated the likelihood of an upward breakout at around 70% to 80%, while the chances of a downward movement are between 20% to 30%. He suggested that this breakout could be triggered by upcoming fundamental news, which appears to be imminent and strong enough to overcome key resistance levels.
In a post on X, analyst CasiTrades remarked that exciting developments are on the horizon for XRP's price. She noted that the current consolidation phase is nearing its conclusion. With prices stagnant and momentum lacking, she believes this sets the stage for significant market movements.
CasiTrades analyzed subwave 2 extensions from a recent local low, stating that if this indeed represents the Wave 2 bottom, the projected upside targets could range from $8 to $13. She highlighted that this alignment across structural, temporal, and Fibonacci extensions is uncommon, reinforcing her bullish stance on XRP's price.
As of the latest data from CoinMarketCap, XRP is trading at approximately $2.29, reflecting a decline in the last 24 hours.
