XRP Price Prediction to $60: Long-Term Price Target According to Analysts

Bittime - The recent price movements of XRP show quite high volatility. After starting the week at around $2.75, XRP experienced significant selling pressure, which caused the price to consolidate around $2.67. 

Many analysts remain optimistic, with some predicting that XRP has the potential to reach $60 in the long term.

According to crypto analyst Egrag Crypto, if XRP is able to break through the key resistance level at $3, this digital asset could enter a strong bullish trajectory. The short-term projection is in the range of $4 to $6, while the more ambitious long-term target is at $60.

XRP Key Resistance at $3 Level

One of the main challenges for XRP coin at the moment is the level of resistance around $3. 

This level has historically been a significant psychological barrier, as it approaches XRP's all-time high of around $3.40. If XRP manages to close the monthly trade above $3, a strong bullish momentum could occur.

Read also: Analysis and Prediction of the Latest Cardano (ADA) Price

Analysts note that after breaking $3, XRP will most likely face the next major resistance around the $4.30 and $6.40 Fibonacci levels. Thus, a stable monthly close above $3 could provide a positive signal for investors to push the price of XRP higher.

Parabolic ARC Pattern and Potential XRP Price Surge

Technical analysis shows that Ripple's XRP is currently forming a Parabolic ARC pattern with three main price phases: $33, $50, and $60. If XRP manages to break through the 1,618 Fibonacci extension level at $6.40, then this asset could experience a more significant long-term price surge.

In an optimistic scenario, the price of XRP could continue to rise towards $8, $13, $27, and finally $60. However, this depends on a number of external factors, including overall market sentiment and regulatory developments regarding digital assets.

Image From X: Egrag Crypto

Risks and Possibility of XRP Price Correction

Although many XRP price predictions show the potential for a big increase, there are still risks to consider. 

One negative scenario is if XRP experiences strong rejection at the $3 level. If this happens, then it is likely that XRP will move sideways for a longer period of time or even correct to the support level in the range of $1.90 to $2.00.

Read also: Predictions for Cardano (ADA), Polkadot (DOT), and Solana (SOL)

If selling pressure increases and XRP falls below $1.90, the price risks falling further to the $1.00 level. 

However, according to analysts, this scenario is only possible in very bearish market conditions or in extreme situations referred to as 'Black Swans' in the crypto world.

Conclusion

Current XRP price predictions suggest two possible scenarios: a big increase if XRP manages to break through $3 and a correction if it fails to maintain that level. 

Analysts remain optimistic that in the long run, XRP Ripple has the potential to reach $60, especially if technical and fundamental patterns support the upward price trend.

Investors are advised to keep an eye on price movements and market sentiment before making investment decisions in XRP coin. With high volatility, it is important to always have a good risk management strategy when investing in digital assets like XRP.

FAQ

Can the price of XRP really reach $60?

The price of XRP could reach $60 if the bullish trend continues and the crypto market experiences massive adoption. However, this still depends on technical and fundamental factors.

What are the main factors influencing the XRP price prediction?

The main factors include market sentiment, regulation, adoption of XRP in global transactions, and technical analysis patterns such as resistance and support levels.

How do I find out the next XRP price trend?

You can follow the latest news, analyze price charts, and monitor key levels such as $3 and $6 which are referred to as decisive points in XRP's movement.

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References

newsbtc.com, XRP Breakout: Analyst Targets $6 In Short Term, $60 Long Term If This Level Is Cleared , accessed on February 24, 2025.

Author: AWW