XRP price has traded near the flatline today, consolidating near the $2.4 mark, but experts remained bullish on the future trajectory of the coin. In a recent analysis, a top expert has set a “conservative” target of $15 for Ripple’s native asset, sparking market discussions. Besides, it also comes amid market optimism over a potential resolution in the Ripple Vs SEC case end, which has long dampened the broader market sentiment.
XRP Price Fails To Breakout Despite Market Optimism
XRP price was down about 0.7% today at $2.43 after touching a 24-hour high and low of $2.50 and $2.41, respectively. Notably, the crypto has been consolidating in this range over the past few weeks despite soaring market optimism over Ripple’s legal win.
For context, CEO Brad Garlinghouse recently shared key insights on the firm’s future. Besides, he also said that the US SEC would drop the Ripple Vs SEC case. This has caught the eyes of the market participants, but it appears that the news has failed to boost the prices. However, with soaring optimism, the market pundits anticipate a potential breakout ahead for the crypto.
Expert Eyes XRP Rally To $15
In a recent analysis shared on X, renowned expert EGRAG CRYPTO has set a “conservative” price target for XRP at $15. This prediction is part of a tiered target system, which also includes a “normal measurement” of $22, an “extended target” of $44, and a “personal target” of $27.
The conservative target of $15 suggests that the expert believes, based on the technical trends, that the XRP price has significant growth potential. Even in a more cautious market scenario, it can record a massive rally ahead.
In addition to the price targets, EGRAG CRYPTO also emphasized the importance of taking profits strategically. The expert advised investors to start taking profits rather than waiting for a single peak, citing the wisdom of securing profits to avoid potential losses.
A Closer Look Into The Future Potential
In response to a user’s inquiry about XRP price in the next bear market, EGRAG CRYPTO reassured investors that the price is unlikely to drop below $1. This prediction suggests that Ripple’s native asset has a strong foundation and is poised for long-term growth, even in the face of market volatility.
Echoing a similar sentiment, another expert Dark Defender also hinted towards a short-term rally ahead for the crypto. In a recent X post, Dark Defender said that XRP must breach the $2.75 level to continue its upward run ahead.
He also noted that it faces “little hassle” at $2.55 and strong support at $2.42. However, once $2.75 is breached, the Dark Defender said that Ripple’s coin will target the $5.85 in the near term. It also resembles the latest Ripple coin price analysis, which indicates a potential rally to $5 citing the recent market trends.
The post Analyst Sets ‘Conservative’ XRP Price Target At $15, What’s Next? appeared first on CoinGape.
CoinGape – Read More