Prominent market analyst EGRAG CRYPTO believes that XRP is experiencing the calm before the storm as the sixth-largest cryptocurrency based on market value looks to rally to $2 and ultimately to the $107 zone based on the bullish hammer formation.
EGRAG made this prediction based on the 3-month candle pattern and added that amassing XRP below the psychological price of $1 would soon be a dream.
Therefore, if the bullish hammer pattern is confirmed, the analyst is optimistic that XRP is in for a major uptrend that could trigger heights never before seen.
Bullish Sentiments Continue to Rock XRP
Leading crypto analyst Dark Defender recently took to X, formerly Twitter, to highlight how XRP could surge to the $14 price zone if the XRP/BTC pair reclaimed levels last seen in 2017.
Dark Defender stipulated, “Let’s assume BTC starts horizontal move around 60k and XRP appreciates and touches the previous top level of 0.00024351 at XRP/BTC level. Then XRP price could reach $14.61 if BTC stays the same level. XRP could hit $20 plus levels with the same ATH pair if BTC reaches 100k.”
Nevertheless, the analyst said caution should not be thrown to the wind since XRP has to appreciate against Bitcoin in the pair. Notably, XRP has been trading 60% below BTC since August 2023.
Meanwhile, there is light at the end of the tunnel for XRP making a mind-blowing increase to the $3 zone thanks to its quest to revamp the multi-trillion-dollar banking industry.
XRP was up by 24.6% in the past month to hit $0.62 at the time of writing, according to CoinGecko data.
