 
 
Bold price predictions have been rolling in for Bitcoin and altcoins, respectively. Notably, leading Altcoins like XRP appear to be in the good books of market players, predicting that the asset could increase its price value by more than 7 fold.
Pseudonymous analyst XForceGlobal took to X to share his bullish outlook on XRP with his followers. The analyst shared a bold price target for XRP, stating that the asset could hit $20 in this market cycle.
The analyst, however, remarked that near-term challenges and barriers could keep the asset range bound within the $4 price level unless resistance is broken above. Nonetheless, the long-term expectations remain positive, as the analyst points to macroeconomic factors as catalysts that validate his position.
“$20 remains the primary cycle target. XRP still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro.” He wrote in a post shared to X, further highlighting the strong impulse continuation and Wave 1.2 Flat continuation as two scenarios likely to be observed in the near-term.
When quizzed on why $4 is the next territory for the asset, the analyst revealed that a double top was witnessed in the market.
 
“Well, we double topped. $4 is clearly a strong resistance level. Both scenarios show an eventual break of it, but it’s going to require a ton of effort from the bulls. This is why it’s very important that XRP remains above $1.50 for the rest of the cycle.” He asserted.
During the time of this report, Ripple’s XRP remains the 3rd most valued crypto by market cap and has notably surged by 2.35% over the last 24 hours.
Source: https://zycrypto.com/analyst-caps-ripples-xrp-cycle-target-at-20-how-realistic-is-the-prediction/