Crypto chartist CryptoInsightUK speculates that XRP could see a substantial upsurge, reaching an ambitious $35 next year, if the current bullish pattern endures.
Despite its recent woes, XRP has had an impressive year. After a range breakout in November, the fourth-largest cryptocurrency by market cap surged to a multi-year high of $2.9 earlier this month.
XRP has appreciated a staggering 252% in the past year, spurred by bullish sentiments around the ecosystem. Specifically, Donald Trump’s election win and the SEC hierarchy reform have contributed immensely to the bullish performance.
However, Cryptoinsightuk believes an even better performance could come up next year. In a recent commentary, he placed ambitious targets for XRP in the first and final quarters of the year.
XRP to $10 and $35
The analyst noted he has adjusted his 2017 overlay bar to accommodate the recent XRP price breakout. An accompanying chart shows he has moved the price forecast bar to the current price level.
Furthermore, he suggested that XRP will have a strong Q1 and Q3/4 performance if bullish momentum persists. Per his commentary, the digital asset would surge to $10 between January and March 2025 and hit $35 around 2025’s latter stages if current market sentiment endures.
Analyst Shares Crucial Factor to Decide XRP’s Next Direction
Meanwhile, another analyst, Dom, has provided a crucial update on the XRP price. He noted that the high-caliber asset had twice retested the $1.9 level, weakening the support.
Furthermore, he asserted that Bitcoin’s close below $95,000 would see the premier asset continue a downtrend, with altcoins joining the party. He argued that the correction would be “much larger” and see XRP capsize considerably.
CryptoInsightUK predicted that if XRP loses the $1.9 support, it would see a steep retracement to $1.6, as there is no demand zone in between. He also warned that a downtrend of that magnitude would detonate XRP’s bullish momentum and place the asset in uncharted territory.
XRP Price Analysis per DomHowever, the analyst mentioned that XRP will sustain bullish trends if it continues to hold the current price level. He insisted that the asset would override the bearish precedence with a surge to $2.4.
The commentary shows that a $2.4 reclaim will put XRP in contention for a new all-time high. In the meantime, the asset trades at $2.18, down 2.75% in the past 24 hours.
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