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XRP eyes 763% surge as analysts predict $19 minimum target in current cycle — Should you invest?
In the latest
XRP news
, market optimism is surging once again as technical analysts project a significant rally ahead for the digital token. Despite a recent pullback from its peak of $3.40 to current levels around $2.21, crypto strategist
Crypto Beast
believes that XRP's best days lie ahead, predicting a potential rise of up to 763% in this market cycle, as mentioned in a report by Tipranks.
This forecast places XRP's price target at a staggering $19, which, according to leading voices in the cryptocurrency space, is no longer a speculative dream but a probable milestone grounded in historical patterns and recent legal clarity.
Symmetrical Triangle Pattern Hints at Breakout
Crypto Beast's analysis focuses on long-term technical indicators, particularly a
symmetrical triangle formation
evident on XRP's weekly chart. Drawing parallels with XRP's meteoric rise in 2017—from sub-cent levels to a high of $3.80—the analyst suggests that a similar structure is unfolding.
"The move to $3.40 was just the first wave," he noted. If the current cycle mirrors previous trajectories, XRP could break the $8 barrier in the near term, eventually reaching the bold $19 mark. Echoing this view, fellow analyst
EGRAG
has publicly stated that $19 is his 'minimum target' for XRP this cycle, while another voice in the community,
Xena
, considers $8 merely a starting point.
Legal Victory Against SEC Not Fully 'Priced In'
Beyond technical signals, a fundamental catalyst underpins the bullish sentiment—XRP's landmark legal victory over the U.S. Securities and Exchange Commission (SEC). In 2023, Judge Analisa Torres ruled that XRP is not a security, providing Ripple and its token a clear regulatory advantage over other crypto assets.
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Although the ruling triggered an immediate 90% rally,
Crypto Beast
argues that markets have yet to fully
price in
the implications. 'This was not just a legal win—it's a green light for institutional and cross-border use cases,' he wrote. The analyst believes the next phase of gains will stem from increased adoption and investor confidence spurred by this clarity.
Timing and Gains: The $19 Scenario
According to historical behavior, XRP's price tends to consolidate before embarking on its final parabolic surge. In 2017, the token paused for six months before delivering its explosive rally. The current pause, which has lasted nearly five months, could end soon.
For investors, the numbers are compelling. A rise from $2.21 to $8 would mark a 263% gain, while a move to $19 would imply a 763% appreciation. A $10,000 investment in XRP today could potentially yield $76,000, if analysts' upper targets are achieved.
Cautious Optimism Amidst Market Volatility
While forecasts remain speculative and subject to broader crypto market dynamics,
XRP's technical setup and legal positioning
provide a compelling case for continued interest. With traders and long-term holders closely watching key resistance levels, XRP could be primed for another breakout in what is shaping up to be one of its most closely watched cycles.
FAQs
Why is XRP gaining renewed attention in the crypto market?
XRP
is drawing renewed interest due to a bullish technical setup and its legal victory against the U.S. SEC. Analysts suggest the token could be on the verge of a major rally, potentially reaching up to $19 in this cycle.
What is the current price of XRP, and how high can it go?
XRP is currently trading around $2.21. Analysts like Crypto Beast project a potential rally to $8 in the near term and as high as $19, implying a gain of up to 763%.
