XRP Poised for Major Rally: Analyst Predicts $30 Target Amid Market Optimism
XRP has recently shown strong bullish momentum, with analysts predicting a potential surge to $30 based on Elliott Wave theory. The cryptocurrency’s price action is being closely watched as it tests key resistance levels.
XRP Hints at Explosive Rally, Analyst Eyes $30 Target
XRP surged over 15% following U.S. President Donald Trump’s 90-day tariff pause announcement, then slipped slightly. According to Elliott Wave analysis, XRP could reach $20 in Wave 3 and $30 in Wave 5. Short-term resistance is at $2.11, which could lead to $2.41-$2.60, while support lies around $1.47. XRP has recently shown signs of recovery, surging 15.3% to reach $2.08 on April 9. While it briefly surpassed the $2 threshold, it has since settled at $1.99. Despite this dip, XRP has experienced an impressive 11.21% increase in value over the past 24 hours, reflecting renewed investor confidence.
XRP Price Surges, Expected to Hit $4.52 by April 2025
XRP has seen a remarkable 8.45% increase in the last 24 hours, with experts predicting the Ripple currency could reach $2.12 to $4.52 by April 2025. Investor sentiment has shifted positively following the U.S. tariff pause. The cryptocurrency is currently trading at $1.99, with a 24-hour volume of $7.61B and a market capitalization of $116.6B. This dramatic increase underscores the rising interest and growing investor belief in XRP, cementing its position in the larger crypto market.
Standard Chartered Predicts XRP to Hit $12.5 by End of Trump’s Second Term
British multinational bank Standard Chartered has made an ambitious prediction about Ripple-promoted cryptocurrency XRP. The bank expects XRP to reach $12.5 before the end of Donald Trump’s second term as U.S. president. This price increase is anticipated due to positive regulatory developments, institutional adoption, and increasing use cases. Standard Chartered forecasts a 500% price rally for XRP by 2028, with the cryptocurrency hitting $5.50 in 2025, $8 in 2026, $400,000 in 2027 (a likely typo or error), $10.40 by the end of 2027, and then $12.50 in 2028. Currently, XRP sits at $1.99, meaning Standard Chartered’s prediction would represent a significant 500% increase from its current position. If this prediction comes true, XRP could surpass Ethereum to become the second-largest cryptocurrency by market cap.
XRP Eyes $2.50 Amid Extreme Chart Compression
Technical signals align on XRP, with its Bollinger Bands tightening to a rarely observed level, fueling speculation of a possible rally towards $2.50. Market analyst Ali Martinez noted that this contraction was one of the tightest ever observed on the weekly chart of XRP, potentially signaling imminent intense volatility. This movement draws the attention of seasoned investors and technical analysts in the cryptocurrency ecosystem.
