XRP holders are optimistic about the altcoin surpassing $1 soon, encouraged by Bitcoin's declining dominance in the crypto market. XRP has been trading around $0.50, but analysts foresee a long-awaited bull run.
Current projections from CoinCheckup reveal a bullish trend, anticipating a 14% increase in the altcoin within the next three months. Analysts expect a climb of 150% in six months, projecting significant growth by 2025 bolstered by consumer confidence and adoption.
For XRP to achieve a real bull run beyond $1, breaking resistance levels is crucial. Analysts emphasize the need for XRP to close above $0.55 on the weekly chart, with potential falls to $0.40 if failed. Technical analyst "Charting Guy" notes XRP's range between $0.43 and $0.67, hinging on Bitcoin's performance and surpassing a $70K resistance.
Bitcoin, currently unable to break the $70,000 threshold, directly influences XRP's future. Charting Guy highlights the importance of Bitcoin's movement beyond $70K to spur an upward trajectory for underperforming altcoins like XRP.
Bollinger Bands tightening on XRP's monthly chart suggests imminent price changes. If XRP closes over $0.67, a noticeable price rise may occur. Conversely, a monthly close below $0.43 could suggest significant drops. Investors should monitor these levels closely.
