TL;DR
- Analysts on X (formerly Twitter) offer varying optimistic forecasts for Ripple’s XRP, with some suggesting March will see a historic bull run.
- The most optimistic forecasts see XRP’s price skyrocketing to $27 if history is to repeat itself.
Ripple’s XRP has underperformed lately, with its price dropping over 4% on a weekly scale (per CoinGecko’s data). Nonetheless, the crypto space is rammed with analysts who remain confident that the negative trend will soon be over.
According to the X user XRP whale, next month “will be historic” for the asset. The XRP enthusiast with over 100K followers further predicted a price appreciation above $10, which could be reached after passing through significant turbulence.
Very soon $XRP will pump to $1
Then it’ll fall to $0.80
Then it’ll fly towards $2
Then it’ll test $1.50
Then it’ll pump again towards $3.30
Then it’ll fall to $3
Then it’ll continue towards $10#XRP
— XRP whale (@realXRPwhale) February 25, 2024
EGRAG CRYPTO chipped in, too, envisioning more spectacular peaks. The analyst compared XRP’s performance from 2017 with the current “cycle’s bottom” to forecast a price explosion of $27:
“XRP only needs to increase by 7X from its 2017 levels to reach $27. This is my target, and I plan to sell at various price points to secure profits.”
As CryptoPotato previously explored, some important factors indeed suggest that XRP could be on the verge of a bull run this year. Those willing to dive deeper into the matter, feel free to take a look at our dedicated video below:
