Ripples XRP

XRP Price Prediction: Will It Break $1.63 and Reach $2, Eyes Set on $8+ Long-Term Target After 188% November Rally

Ripple’s XRP has been on a tear, recently reclaiming the $1 mark for the first time in three years. This surge has sparked optimism among analysts, who now predict the cryptocurrency could breach its previous 2021 high to claim a seven-year top.

Analysts Turn Bullish on XRP

Crypto analyst Armando Pantoja believes XRP’s bullish trend is far from over. He points to a major upward trend since early November, fueled by whale accumulation and positive market sentiment. While the MACD and RSI indicators suggest a potential cooling-off period, Pantoja remains confident that once XRP clears $1.60, it could easily surge to $2. Beyond this level, he predicts a long-term target between $8 and $20.

Market commentator Dark Defender echoes this sentiment, focusing on shorter-term price movements. He highlights the importance of the $1.44 Fibonacci level, which XRP has successfully breached. This could pave the way for a move towards $1.63 and potentially $1.88. Veteran trader Peter Brandt also sees significant upside potential, especially if XRP breaks through the $1.96 resistance level.

XRP 30D Chart Armando Pantoja
XRP 30D Chart | Armando Pantoja

Symmetrical Triangle Formation

Analyst Mikkybull points to a symmetrical triangle formation on the 4-hour XRP chart, similar to one that occurred in early November. This pattern suggests a potential breakout that could propel XRP towards the $2 price range.

Key Takeaways

  • XRP’s recent surge has sparked optimism among analysts.
  • Analysts predict a potential move towards $2 and beyond.
  • Breaking through the $1.63 resistance level could act as a catalyst for further gains.
  • Maintaining support levels like $1.44 is crucial for sustaining the rally.


While XRP’s bullish momentum is undeniable, it’s important to remember that the cryptocurrency market is highly volatile. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: Bitwise Proposes Crypto ETF with Top 10 Digital Assets, Including Bitcoin, Ethereum, and XRP—What’s Next for Crypto Investors?

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