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XRP might have spent recent weeks grappling to maintain a position above the $2 threshold, yet one analyst believes the latest price movements are merely in the initial stages of a significantly larger escalation. For those who consider $3 a feasible target, this forecast suggests that the actual movement could push the altcoin well beyond that figure and potentially sooner than anticipated.
Multi-Phase Price Roadmap With $10 To $20
The $3 price mark has emerged as both a psychological and technical battleground for optimistic XRP investors this cycle, acting as the most active pricing point. Earlier in January, the token briefly broke past this mark, inching closer to its historical high of $3.40, before a surge of selling pressure caused a decline.
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Since that moment, XRP has experienced price adjustments that reduced it to as low as $1.65 on April 7. However, the outlook is once again leaning bullish. XRP has bounced back above $2 and is forming a solid foundation to facilitate another attempt at $3. If the current momentum continues to build, reclaiming $3 seems not only possible but could happen within a few weeks.
One of the most audacious predictions comes from a trader known as BarriC, who has outlined a trajectory that extends well beyond the $3 limit. In a recent update on social media platform X, he projected that XRP, currently trading around $2.20, will surpass $3 shortly. However, his forecast doesn’t conclude there. He anticipates that by May, the sentiment surrounding XRP could change so markedly that $5 will come to be viewed as the new “inexpensive” price for XRP.
Taking things further, the analyst pointed out that if the wider crypto market transitions into a full-blown altcoin season, XRP could establish a new short-term trading range between $10 and $20 in the next few months.
Utility Run Scenario Positions “Inexpensive” XRP Closer To $1,000
Perhaps the most remarkable aspect of BarriC’s analysis is what he describes as a “utility run.” This utility run represents a situation in which XRP’s practical applications as a bridge cryptocurrency start to achieve acceptance and are reflected in its valuation. Under these circumstances, the term “inexpensive XRP” would apply to prices below $1,000.
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At the moment of writing, XRP is priced at $2.14, reflecting a 1.4% increase over the past 24 hours. Although this might seem excessively bullish, the analyst’s price forecast isn’t surprising, as the cryptocurrency has experienced similar bullish predictions in recent days.
Beyond optimistic price targets, several analysts now predict that XRP will surpass both Ethereum and Bitcoin in the forthcoming months. One such instance is analyst Axel Rodd, who cited the decrease in Bitcoin dominance as a reason for XRP flipping Bitcoin. In parallel, analysts at Standard Chartered recently projected that the altcoin will surpass Ethereum in market cap by 2028.
Featured image from Adobe Stock, chart from Tradingview.com
