XRP Price Eyes Rally To $5, Top Expert Reveals Potential Timeline

XRP price has continued to make headlines, especially as Ripple faces massive criticism lately from the Bitcoin maxis. However, despite the ongoing controversy, a top market expert reveals a potential timeline for Ripple’s native crypto to hit the brief $5. This prediction has gained notable traction, especially amid rumors over a US XRP Reserve and recent ETF filings from the leading asset managers.

Top Expert Predicts Potential XRP Price Rally To $5

Top market analyst EGRAG CRYPTO recently shared a bold forecast for XRP price, which has sparked investors’ optimism. In an X post, the analyst highlighted a “Modulated Bent Fork Analysis,” emphasizing bullish signals in monthly and daily timeframes.

Notably, on the monthly chart, the price candle’s partial body is currently above a green trendline, suggesting a strong bullish trend. If XRP maintains this position through January, it could signal further upward momentum. EGRAG predicts potential price targets of $5.1 to $5.4, should the bullish pennant formation break out by early February 2025.

Simultaneously, for long-term projections, the analysis identified escalating price levels in the “Blue and White Forks,” which point toward targets as high as $30 to $60. The expert noted that time plays a crucial role, with higher targets becoming more achievable as XRP sustains its momentum.

Can Ripple’s Native Crypto Flip Ethereum?

Another analyst, Dark Defender, boldly predicted that XRP could overtake Ethereum in market rankings. In the latest X post, the analyst highlighted XRP’s growing strength against Ethereum in the XRP/ETH trading pair.

Dark Defender shared insights on a potential third-wave rally, which could lead to XRP reaching $4.55 to $8.76, depending on Ethereum’s price movement. The analyst pointed out that if ETH stabilizes around $3,200, Ripple’s native crypto could hit $8.76. However, if ETH corrects downward to $2,000, XRP price may still achieve $4.55. This also indicates that Ripple’s native crypto is poised to hit a new ATH in the coming days.

Meanwhile, such a rally would position XRP as the second-largest cryptocurrency by market cap, the analyst noted. Besides, it would also mark a milestone that many believe is within reach given Ripple’s expanding influence and utility in cross-border payments.

XRP Price Rally To Continue?

XRP price has noted a loss of 2% today and exchanged hands at $3.11 amid a broader crypto market retreat. Notably, the crypto has touched a 24-hour high of $3.2 while hitting a low of $3.08. Further, XRP Futures Open Interest plunged 2.4% reflecting the gloomy sentiment hovering in the market.

Meanwhile, the recent plunge in XRP price comes amid massive criticism of Ripple by the Bitcoin maxis. Notably, the pro-BTC enthusiasts have slammed the blockchain firm for its “lobbying efforts”, while expressing their frustration over the rumors of a US XRP Reserve.

Notably, many have highlighted the ongoing Ripple Vs Bitcoin war, saying that the crypto community is warring among themselves amid the waning US SEC threat. However, given other positive developments, including the latest XRP ETF filing by CoinShares, a flurry of market experts remained optimistic about the future trajectory of Ripple’s native crypto.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.