Analyst: 48 hours until possible mega breakthrough for XRP

After several disappointing days, XRP still has two days to end the year on a positive note. The digital currency is at a crucial point, as for the first time in its history, XRP looks set to end a year above $2.

This limit is considered a major resistance. Breaking it could signal a new phase of growth for the digital currency. According to well-known analyst Egrag Crypto, this is a “bullish” signal, possibly marking the beginning of a spectacular period in 2025.

Historical price development of XRP

XRP has gone through several price phases since its introduction. In its early years, the coin moved in a narrow range from $0.006 to $0.03. This changed dramatically during the massive 2017 rally, which saw XRP reach an all-time high (ATH) of $3.40. Nearly seven years later, this record still stands, but analysts believe a breakthrough is near. With increasing interest from institutional investors and potential collaborations on the horizon, the likelihood of a historic comeback seems greater than ever.

Ambitious price targets for XRP

Egrag Crypto predicts that XRP could soar to new heights with current developments. He sees $15 as a realistic target, a level he refers to in his charts as “Valhalla.” In addition, he points to a potential increase to $27 and even a futuristic scenario where the value could shoot past $140. While these forecasts are ambitious, he emphasizes that they are based on extensive technical analysis and market trends.

Possible collaboration with Cardano

One notable development that could have a significant impact on the price of XRP is a possible partnership between Ripple and Cardano (ADA). Cardano founder Charles Hoskinson has said he is open to integrating Ripple’s RLUSD stablecoin into the Cardano network. In addition, Hoskinson indicated that discussions are taking place about collaboration within Midnight, a privacy-oriented sidechain from Cardano. Although there are no concrete plans yet, both teams have already had meetings to discuss technical details.

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