Analyst Predicts XRP Price Could Hit New ATH As Ripple Lawsuit Ends
Highlights
- Crypto analyst Egrag Crypto predicts that the XRP price could soon rally to between $5 and $6, which is a new ATH for the altcoin.
- The analyst also raised the possibility of the XRP price rallying to $10.
- Crypto analyst Bitcoin Ape predicted XRP could reach $10 at the minimum.
Crypto analyst Egrag Crypto has predicted that the XRP price could soon hit a new all-time high (ATH), providing a bullish outlook for the altcoin. This price prediction comes following the SEC’s decision to end the Ripple lawsuit, a development that could spark the rally to a new ATH.
Analyst Predicts XRP Price Could Soon Hit New ATH
In an X post, Egrag Crypto predicted that the XRP price could soon hit a new ATH. This came as he highlighted between $5 and $6 as the next targets for the altcoin. The analyst remarked that he doesn’t foresee any resistance at Fib 1.236. As such, he claimed that the next movement is likely to reach Fib Circle 5 and Fib 1.414, estimated between $5 and $6.
Egrag Crypto further raised the possibility of a potential wick to Fib 1.618, with XRP hitting around $9 to $10. This prediction follows the US SEC’s decision to drop the Ripple lawsuit. This bullish fundamental could spark the projected rally to a new ATH for XRP.
From a technical analysis perspective, Egrag Crypto noted XRP’s resilience, with the altcoin consistently closing above the Fib 1.0 level for the past three months. The analyst stated that this demonstrates three consecutive months of full-body closures. He added that this pattern is extremely bullish as full-body candles signify stronger confirmation of price movements compared to wick-only formations.
The analyst also stated that if the XRP price records these anticipated movements occurring between now and May, then there might be another correction followed by a continuation of a bull run.
However, if this price surge happens towards the end of this summer or in Q4 2025, Egrag Crypto claimed that it could signify a cycle top and the conclusion of this bull run. He remarked that the timing of this peak will play a crucial role in determining whether XRP continues into a new cycle.
The Altcoin Is Ready To Explode
In an X post, crypto analyst Bitcoin Ape asserted that the XRP price is ready to explode. He revealed that the altcoin is flashing an intraday bullish flag, which indicates that a breakout might be on the horizon.
He alluded to bullish fundamentals, such as the end of the Ripple lawsuit and the XRP ETFs, which could spark a full-blown breakout. Bitcoin Ape predicted that the altcoin could reach $10 at the minimum by April end.
Meanwhile, crypto analyst Amonyx predicted that the XRP price could rally to as high as $20 with 18 XRP ETFs on the horizon. Like Bitcoin Ape, Amonyx believes these ETFs could spark a bullish momentum for XRP.
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