With XRP finally breaking out, a top market analyst has predicted its target for July and how high it can go before the end of the year.
XRP reclaimed $2.20 yesterday and rose as high as $2.32 for the first time since mid-June, as momentum shifted in its favor. A broader altcoin market recovery, coupled with bullish developments from the Ripple vs. SEC case, is a possible catalyst for this surge.
XRP Breaking Out
Meanwhile, analyst CasiTrades
highlighted
in a June 30 analysis that
XRP
is breaking out. XRP’s rally to $2.32 saw it defy a descending triangle on the hourly timeframe, rallying to the 0.618 Fibonacci extension before its slight retracement.
Now, she predicted that what XRP needs to do next is retest the macro level at the 0.382 Fibonacci extension before a bullish continuation. The analysis emphasized that the retest to $2.25 is crucial to turn the former resistance level into a strong support.
XRP Analysis/CasiTrades
Notably, XRP has retested the price mark, retracing to trade at $2.22, slightly below the 0.382 Fib. extension. If XRP regains momentum, CasiTrades predicts that XRP will advance to prices like $2.69 and $3.04, with a bullish relative strength index (RSI) further catalyzing the uptrend.
Analyst Shares XRP Target for July
Following the analysis, a user inquired about CasiTrades’ price projection for July. In response, the experienced analyst predicted that XRP would rally to a minimum target of $6.50 and could potentially extend to $8, noting that this was the first extension target.
https://twitter.com/CasiTrades/status/1939798172131291395
Notably, both targets are new all-time highs for XRP, which peaked at $3.84 in January 2018. From the current price of $2.22, XRP would need to surge 192% and 260% to reach $6.5 and $8, respectively.
Interestingly, several other analysts have projected a similar price outlook for XRP. “The Analyst”
predicted
a rally to $6.5 as one of his targets for XRP, citing a similar breakout. His commentary suggests that XRP can reach as high as $9.50.
Meanwhile, George Tung also
insisted
that XRP can realistically reach $8. However, he suggested the timeline for this price to would be by the end of the year, rather than Casi’s July prediction.
Nonetheless, an analysis from WatersAbove
predicts
a higher price target for XRP this July. He asserted that XRP would hit $15, tapping an “XRP Summer.”
XRP to $20+ by the End of 2025
CasiTrades’ conversation with the user continued, with another comment asking if XRP can trade above $20 by December 2025. The market watcher
concluded
it was possible, but XRP would have to break above $13.
Her comments highlighted that XRP would enter a fifth wave of bullish uptick if it shows strength to surpass $13. If XRP does, it can go as high as $26, a staggering 1,071% rally from the current price.
Remarkably, this falls slightly below EGRAG Crypto’s
$27 price target
for XRP this year.
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