Analyst sees great opportunity: XRP price could rise to $2.55

Despite a slight increase in the short term, XRP is still well below its record high of last summer. The coin is trading around $1.42, which is still well below its previous peak.

Yet a crypto analyst sees room for a significant increase. According to him, the XRP price could rise to around $2.55 in the medium term. To achieve this, an important technical barrier must first be broken.

XRP price can rise by eighty percent

According to analyst Mad Whale, XRP could rise to a price of $2.55 in the medium term. That would amount to an increase of approximately eighty percent compared to the current price.

Furthermore, if this level is reached, it would be XRP’s highest valuation since November last year.

The analyst does point out that the $2 level is an important psychological limit for XRP. In the past, this price area has often generated strong buying interest among investors.

According to him, a recovery from this level could open the door to further upside, with a possible price target around $2.55.

Analyst Arthur also sees signals that the XRP price may be preparing for a larger movement. According to him, several technical indicators point to a possible outbreak.

In an update on X, he writes that his own indicator is still giving a bullish breakout signal. He does mention a clear condition: the price must first show a daily close above $ 1.50, or return to an important price area.

In addition, Arthur points out another striking signal in the graph. The Bollinger Bands, an indicator that traders use to measure volatility and price movements, are getting narrower.

This means that volatility in the market decreases. Historically, such a period of low volatility often precedes a strong movement in the price.

XRP price depends on Bitcoin and geopolitics

Still, some analysts expect that a major movement will take some time. CoinCodex analysts believe XRP is likely to hover around current levels until the end of the month. They predict a rate of around $1.37 by the end of March.

Changelly analysts also expect limited movement for the time being. According to their forecast, the price will remain in a range between $1.33 and $1.54, with an average around $1.44.

The direction of XRP also depends on external factors, such as the Bitcoin (BTC) price and geopolitical tensions. In the event of unexpected developments, technical analyzes can quickly lose their value.

For example, crypto analyst Egrag Crypto warns that an escalation of the conflict around Iran, or a sharp drop in the Bitcoin price below $60,000, could also have negative consequences for XRP. In that scenario, he said, the price could fall back towards $1.10.