XRP Price Prediction: Crypto Analysts Predict Explosive Rise to $13

The crypto market is showing signs of recovery, fueling investors and analysts’ optimism for the future. One project that is in the spotlight is Ripple’s XRP.

Now that the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has largely been resolved, experts see new growth opportunities for the digital currency. According to X analyst Doctor Magic, who is active on X, XRP could even quickly rise to a new all-time high (ATH).

Price Analysis: From $8 to $13

Doctor Magic bases his prediction on historical trading data of XRP pairs such as XRP/BTC and XRP/ETH, which are showing signs of reversing after prolonged downward trends. He compares the current market cycle to previous periods where XRP saw significant price increases. Based on this, the analyst proposes price targets of $8 and $13, which represents an upside of 1,300% to 2,200% from the current price.

More analysts are optimistic about XRP

Doctor Magic is not the only one who is optimistic about XRP. The well-known analyst CryptoBull also expects a significant price increase. He even goes a step further and predicts an extremely high price of $227 for XRP. This expectation is based on technical patterns, including a symmetrical triangle, which led to a spectacular increase of 113,000% in 2017.

XRP ETF in the making?

One of the factors supporting the positive outlook for XRP is the fact that asset manager Grayscale is in the process of launching its own XRP Trust. This is a major step towards the development of an XRP exchange-traded fund (ETF).

The recent launch of a US Spot Bitcoin ETF already showed how much such a fund can influence the market. Shortly after the launch, Bitcoin reached a new all-time high, which could potentially give XRP a similar boost.