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Forget XRP At $3, Analyst Reveals How High Price Will Be In A Few Months

Scott Matherson
Scott Matherson
1 month ago
3 mins read
XRP

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XRP may have spent the past few weeks struggling to hold above the $2 level, but one analyst believes the recent price action is only in its early stages of a much larger surge. For those who think $3 is a reasonable target, this outlook predicted that the real move could take the altcoin far beyond that mark and possibly much sooner than expected.

Multi-Stage Price Path With $10 To $20

The $3 price level has become the psychological and technical battleground for bullish XRP investors this cycle, serving as the most active price point. Earlier in January, the token briefly surged past this level, coming within striking distance of its all-time high of $3.40, before a wave of selling pressure triggered a pullback.

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XRP Price Forms Rounded Bottom Within Descending Channel, Target Set Above $3

2 months ago

Since then, XRP has seen price corrections that pushed it as low as $1.65 on April 7. Yet, the outlook is once again tilting bullish. XRP has rebounded above $2 and is building a strong base to support another run toward $3. If the current momentum continues to gain traction, reclaiming $3 is not only likely, it could happen within a matter of weeks.

One of the boldest predictions comes from a trader known as BarriC, who has laid out a roadmap that extends far beyond the $3 threshold. In a recent post on social media platform X, he forecasted that XRP, now trading near $2.20, will break $3 soon. But his outlook doesn’t stop there. He predicted that by May, the sentiment surrounding XRP could shift so drastically that $5 would be seen as the new “cheap” price for XRP. 

Taking things a step further, the analyst noted that if the broader crypto market transitions into a full-blown altcoin season, XRP could establish a new short-term trading range between $10 and $20 within the next few months.

Utility Run Scenario Places “Cheap” XRP Closer To $1,000

Perhaps the most striking part of BarriC’s analysis comes from what he describes as a “utility run.” This utility run is a scenario where XRP’s real-world use cases as a bridge cryptocurrency start to gain adoption and reflect in its price. Under such conditions, the term “cheap XRP” would apply to prices below $1,000.

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XRP Price Flashes Symmetrical Triangle From 2017, A Repeat Could Send It as Flying To $30

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At the time of writing, XRP is trading at $2.14, up by 1.4% in the past 24 hours. As ultra-bullish as it might seem, the analyst’s price prediction isn’t surprising, as the cryptocurrency has been subjected to similar bullish outlooks in the past few days. 

Beyond bullish price targets, a few analysts now believe that XRP will flip both Ethereum and Bitcoin in the coming months. One such example is analyst Axel Rodd, who cited the breakdown in Bitcoin dominance as a reason why XRP will flip Bitcoin. Similarly, analysts at Standard Chartered recently predicted that the altcoin will flip Ethereum in market cap by 2028.  

XRP
XRP trading at $2.16 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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