XRP Price Forecast: Analyst CasiTrades Reveals Key Targets
Key Highlights:
- CasiTrades identifies $2.18 and $2.28 as crucial price points for XRP.
- She predicts a drop to $2.18, followed by a rebound to $2.28.
- Analyst Dark Defender suggests XRP’s price correction is nearing completion.
Crypto analyst CasiTrades has updated her XRP price prediction, highlighting $2.18 and $2.28 as pivotal levels. She noted that XRP has broken below $2.30 and is moving toward $2.18 to complete subwave 3 of the E wave before a potential bounce to $2.28 (subwave 4).
XRP’s Price Targets and Trends
CasiTrades expects the price to follow a wave structure, with a potential final dip to the bottom trendline afterward. Other analysts echo her optimism for XRP’s recovery:
- Bullish Factors: A CoinGape analyst pointed to strong institutional adoption by banks like SBI and Bank of America and a possible market rally due to broader crypto momentum.
- A bull flag formation hints at an XRP surge to $15.
Price Correction Nears Its End
Crypto analyst Dark Defender believes that XRP’s price correction is almost over, especially on smaller time frames such as 4-hour and daily charts. He noted similarities to XRP’s 2017 monthly pattern, with indicators like RSI suggesting a longer-term bullish trend.
Potential Entry Points
Ali Martinez identified two key entries for traders:
- Rising trendline of the pennant at $2.05.
- A breakout beyond $2.50.
Regardless of the entry point, Martinez maintains that the long-term target for XRP remains $10. Additionally, Mikybull Crypto predicts an imminent breakout to $3, potentially setting XRP up for a new all-time high.
Amid ongoing market shifts, XRP’s performance remains a topic of active discussion among analysts, with both short-term corrections and long-term growth scenarios in focus.
