Crypto Analyst Points out a Bullish Possibility for XRP Price

• A crypto analyst has estimated a target XRP price of 1.85%.
• XRP is currently up by 3.25% over the last 24 hours.
• The price is forecasted to surge in the next 3 months.

Ali Charts, a crypto analyst, has pointed out that the XRP price could move towards a higher target in the days to come. He earlier laid out a possibility for the cryptocurrency to reach $48. The token is currently trading over $1.50 with a correction estimated in the next 30 months.

Crypto Analyst on XRP

Ali Charts, through an X post, has said that the token could make it beyond the triangle. He has based this on the 4-hour chart of XRP, with the triangle pointed towards the right side. In the same post, Ali Charts has said that the XRP price could make it to as high as $1.85.

The statement comes as a follow-up to an earlier post, wherein he suggested a 30% price movement during the consolidation. The post dates back to the end of the previous week, with some of the community members saying that charts often don’t mean anything. Notably, he once hinted at the value of $48 as the potential target for the next bull run of XRP.

Some community members have also put out a word of caution, saying that following fundamentals is more critical than falling for the hype. Needless to say, thorough research and risk assessment are crucial before engaging in any crypto investment.

XRP Price

The XRP price is currently up by 3.25% over the last 24 hours, with the token trading at $1.51. The price has consolidated between $1.509 and $1.5379 in the last couple of hours. XRP did peak at $1.6013 but eventually retraced to a lower value.

Interestingly, the XRP price reflects a weekly gain of 8.82% and a monthly decline of 3.92%. The last 1 year stands on a plunge of 35.21%.

The 24-hour trading volume has gained 68.28%.

XRP Price Prediction

The XRP price prediction estimated a monthly correction of around 0.78% to $1.49, amid the medium volatility of 3.30%. However, it could note an increase of 14.43% to approximately $1.72 in the next 3 months. The token is testing support levels of $1.47 and $1.35 on the sidelines of two resistance levels, which are $1.58 and $1.70.

Overall sentiment around XRP is bearish, as evident from the FGI of 28 points. The 14-Day RSI is neutral at 62.55 points.

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