An experienced cryptocurrency trader predicts that XRP will surge by 600% and reach $3.3 soon

The recent cryptocurrency market retracement is the exact opposite of the bull run most investors were expecting. XRP and other major assets like Bitcoin continue to bleed despite bullish predictions from market analysts.

As a result, some observers believe that the bull run has ended after the March 2024 rally. However, some analysts remain optimistic, predicting that cryptocurrencies will see massive gains in the 2024/2025 market cycle.

Cryptocurrency trader Altcoin Moe predicts a 6x surge for XRP to trade at $3.3327 in the next bull run. According to Moe, this prediction will likely come true in the coming months.

Altcoin Moe Bullish on XRP’s Long-Term Price Gains

Altcoin Moe, a trader who claims to have been trading cryptocurrencies since 2014, has listed the top assets based on their potential risk and reward during bull markets. He has grouped the cryptocurrencies into three categories: super safe, intermediate and risky investments.

Moe has grouped XRP into the mid-investment range, saying it could increase 6x during the bull run. If the token increases 600% as Moe predicted, it will hit $3.3327, close to its 2018 all-time high of $3.84.

Interestingly, Moe believes this rally will happen in the coming months. XRP is not the only asset under Moe’s radar; he has identified other assets, such as WIF and TRIAS, as high-risk assets that could earn investors returns of up to 100X.

Top Cryptocurrency Analysts Predict Possible XRP Price Movement in 2024 and Beyond

Like Altcoin Moe, other analysts have also shared bullish predictions for XRP in recent months. Armando Pantoja believes that XRP will trade between $8 and $20 by 2026.

This analyst identifies factors such as large-scale institutional adoption, legal clarity, partnerships, and future financial services as conditions that will drive XRP’s price higher.

Another analyst, Casesset a price target of $13 for XRP. He also said that XRP needs to break out of its six-year consolidation phase to reach this target. According to Casi’s chart, a correction to $0.382 is possible before the breakout to $8.

Furthermore, Casi believes that XRP will rise to the top of the current triangle ($0.54) before reaching a range between $6 and $13.

Meanwhile, the popular market watcher Jake Gagain shared a long-term forecast for XRP, stating that the asset will reach $5 by 2025. Similarly, Dark Defender estimates that XRP will reach $5.85 in 2024.

While Gagain and Dark Defender were cautious in their predictions, EGRAG CRYPTO predicts XRP to rise to $27 in this cycle.

According to EGRAG, XRP may repeat its historical price patterns to align with cycle A or B on its chart or create a new pattern. He believes that XRP current trend mirrors cycle A, which could see prices spike to $27.

However, he urged the XRPArmy to stay engaged in the process, as impatience would defeat the purpose. However, several analysts have speculative forecasts for these XRP. The coin could see price gains if it gets regulatory clarity and greater adoption.

Disclaimer: The views expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile and high-risk asset class.

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