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Seasoned Trader Gives Timeline for XRP to Hit $3 to $5

source-logo  thecryptobasic.com 05 April 2024 08:32, UTC

Ash Crypto, a prominent market analyst and seasoned trader, has presented a projected timeline for XRP to reach the $3 to $5 target price range in his latest batch of predictions.

The market watcher revealed this in his latest forecast amid the prevalent market downturn. This pattern has persisted in recent times as analysts try to spotlight tokens they believe have the potential to impress during this bull run.

Ash Crypto’s list of promising crypto assets involves 13 tokens, including market leaders Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Notably, the list forecasts the possible values of these tokens in the next 12 to 16 months as the bull market matures.

Timeline for XRP to Reach $3 – $5

The analyst predicts that XRP could skyrocket to a range of $3 to $5 from March to September 2025. At its current value of $0.5697, XRP must rally by 426% to reach the $3 target. However, even at the $3 price, XRP would still be trading below its ATH of $3.3, which it failed to reclaim during the last bull run in 2021.

Image Source httpstwittercomAshcryptorealstatus1775621039604514906

The prospect of XRP also missing out on this bull run has triggered concerns among market participants, with some influencers advising investors to abandon ship. However, others remain confident in its potential, expecting a substantial price increase in the coming months.

Ash Crypto, who stands with the optimistic few, also believes that $5 is attainable for XRP during this bull run. This represents a 777% increase from XRP’s current price. A push toward this value would help XRP breach its all-time high price for the first time in six years.

Besides Ash, other market watchers are also confident of XRP’s pump to the $5 region. In December 2024, market analyst Dark Defender reaffirmed his conviction that XRP could rally to $5.85 despite prevailing FUD. Last month, crypto pundit Jake Gagain asserted that it is possible for XRP to claim a $5 price.

Ash is the latest to make this $5 prediction. The market analysts also expect Bitcoin to reach $100,000 to $250,000, Ethereum to clinch $10,000 to $15,000, and Solana to hit a range of $450 to $650. His predictions also see Dogecoin (DOGE) reaching $1, all within 12 to 16 months.

Crypto Market Turbulence

Meanwhile, the forecasts come at a time when the entire market is facing a downturn, triggering declines in the prices of these assets. Market leader BTC is down 8% this month, while ETH and SOL have respectively collapsed by 9.59% and 9.71%.

XRP is one of the victims of the ongoing turbulence. Its downturn began on March 11, when it dropped from the $0.74 yearly peak. However, XRP showed resilience as March came to a close, resulting in consolidation at $0.6.

Following the mixed sentiments in March, April came up with a more substantial bearish pressure, leading to steeper declines. As a result, XRP eventually broke below the $0.6 support, with a 9.30% drop this month. Over the past 24 hours, volume has also declined by 23.9% to $1.51 billion.

thecryptobasic.com