XRP Primed for Explosive Move—Analyst Who Nailed $0.50 Breakout Predicts Next Target

Crypto markets are buzzing as the analyst who called XRP’s surge past $0.50 doubles down—this time forecasting a run toward $1.20. The same on-chain signals that flagged the last breakout are flashing again.

Timing? Unclear. But the charts don’t lie—liquidity pools are stacking up, and whale wallets are shifting. Meanwhile, TradFi bankers still think ’blockchain’ is a spreadsheet upgrade.

One thing’s certain: if this plays out, the SEC’s ’security’ argument will look even more ridiculous than their 90s-era website.

Analyst Predicts XRP Price Surge Above $3

In an X post, Michael predicted a second parabolic rally once the XRP price breaks the psychological $3. The analyst made this prediction while revealing that he had called this current XRP rally while the altcoin was still trading at $0.5. Indeed, last year, he stated that a historic breakout was incoming for the altcoin. 

Back then, he highlighted a unique 7-year-long bull pennant that had formed for the XRP price. Based on that bullish pattern, the analyst remarked that market participants might be about to witness one of the most significant breakouts in crypto history. XRP eventually broke out and became the second-best-performing asset among the top 10 cryptos by market cap in 2024. 

Crypto analyst CasiTrade recently stated that the XRP price could witness an explosive MOVE above $3 if it breaks and holds above $2.69. This means the projected parabolic rally for XRP above the $3 mark could happen soon. This rally could send the altcoin above its current ATH of around $3.84. 

Crypto analyst Ali Martinez also suggested that the XRP price will unlikely encounter any major resistance as it targets a run to a new ATH. In an X post, he cited Glassnode data as he revealed that XRP has no major resistance clusters ahead. Meanwhile, the analyst noted that the key support zone is $2.38. 

A Rally To Double Digits In This Cycle?

Several crypto analysts have predicted that the XRP price can rally to double digits in this market cycle. In an X post, Pepa stated that the plan stays the same for XRP. His accompanying chart showed that he expects the altcoin to rally to as high as $30 by year-end or the start of next year. 

Crypto analyst CrediBULL Crypto also recently alluded to a previous analysis in which he predicted that the XRP price WOULD reach $28 by year-end 2025. This move is expected to mark Wave 5 on his Elliott Wave Theory analysis. Similarly, analyst Egrag Crypto stated that XRP will reach between $27 and $33 in this cycle. Crypto analyst Mikybull Crypto offered a more conservative target, predicting that the altcoin will reach between $4 and $6 in this cycle. 

At the time of writing, the XRP price is trading at around $2.52, down almost 2% in the last 24 hours, according to data from CoinMarketCap.