XRP Price Gets $20 Target: The 2 Scenarios That Could Play Out From Here

Crypto analyst XForce has set a $20 target for the XRP ￰0￱ analyst also highlighted two scenarios that could play out from here for the altcoin to reach this price ￰1￱ Price Eyes Rally To $20 In This Market Cycle In an X post, XForce declared that $20 remains the primary cycle target for the XRP ￰2￱ noted that the altcoin still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro ￰3￱ analyst then went on to mention a strong impulse continuation and Wave 1-2 Flat continuation as the two scenarios that could play out for the ￰4￱ Reading: XRP Historical Performance Points To 200% Rally To $9.63 In another analysis, XForce provided an update on the macro trend for the XRP price, noting that it still has plenty of room for its bullish ￰5￱ further remarked that XRP is bullish as smart money is currently accumulating the token, while others are afraid that this is the market ￰6￱ on his analysis of the macro count, XForce admitted that there is the short-term possibility of a pullback for the XRP price.

However, he remarked that it doesn’t change the implication of the macro count, which shows there is still a lot of room to the ￰7￱ analyst added that there is currently no indication that XRP will experience pullbacks of up to 60% to 70%, as it did in previous cycles. Instead, he believes that the current XRP price level will act as the base for the Wave 3 impulsive move to the ￰8￱ also noted that XRP had a long period of consolidation before its bull run began, which makes it unlikely that it has already ￰9￱ analyst then stated that $10 to $20 is his conservative target for the altcoin, while there is the possibility that it could reach $40 if the bull run extends.

A Breakout Is Imminent For XRP In an X post, crypto analyst CasiTrades stated that a breakout is imminent for the XRP price as it continues to hold its consolidation ￰10￱ revealed that price action is tightening right to the apex and that there isn’t much time left before a major breakout. meanwhile, XRP recently tested the bottom trendline of the consolidation and showed a strong reaction right to the ￰11￱ Reading: XRP Price To Rally 5,600% To $200? Crypto Analyst Lays Out The Possibilities CasiTrades noted that this further strengthens the consolidation pattern since no new lows were made, and that the count and macro extensions remain ￰12￱ analyst then mentioned that the apex of this entire consolidation is the .382 support at $2.99.

She added that a strong breakout through $3.08 and a backtest of that level as support would confirm bullish ￰13￱ the time of writing, the XRP price is trading at around $2.90, down over 3% in the last 24 hours, according to data from ￰14￱ image from Getty Images, chart from ￰15￱