Economist Says XRP $20 to $33 Still in Play as XRP Enters Favorable Buy Zone

Notable economist and market watcher “XRP Shark” proposes $20 to $33 as the next expected target for XRP as his long-forecasted buy zones kick in.

Today, XRP revisited the $0.39 threshold, a price point not seen in more than 365 days. This emerged following an over 11% price crash triggered by Bitcoin’s bearish volatility.

XRP Enters Favorable Buy Zone

Interestingly, as far back as January 22, analyst XRP Shark disclosed his anticipation of accumulating XRP around the $0.3 region. Per the update, he set buy orders for XRP between $0.35 and $0.45, while the asset traded around $0.54 at the time.

XRP Shark believed a price of around $0.35 would mark the bottom for XRP this cycle before a violent bull surge follows. Meanwhile, XRP initially defied this bearish expectation, reaching the $0.74 mark a few weeks later. Market bears took over ever since as XRP bulls swiftly ran out of steam.

Six months later, XRP finally breached the $0.4 level. The analyst revisited his January outlook, expressing delight that the projection was materializing. This accuracy of his forecast has intrigued community members, who are now asking him for targets to anticipate when the projected violent pump starts taking shape.

Now Watch out for $20 and $33

In response, XRP Shark expressed confidence that the values between $20 and $33 can be anticipated. Meanwhile, the analyst previously noted that a breach below $0.3 would invalidate his bullish outlook.

At the time of reporting, XRP has briefly reclaimed the $0.4 region, trading slightly higher at $0.4096. For the lower threshold to materialize, XRP must advance by 4,782%. Conversely, the upper boundary demands a surge of 7,956%.

How Long Before XRP Soars by 47X and 80X?

Considering the ambitious nature of this forecast, the analyst stressed that just as it took an extended period to see a $0.39 low, the upside would follow a similar trajectory. He hopes XRP reaches between $20 and $33 by late 2025 or early 2026.

I think it will take quite a while, probably end of 2025 – early 2026 but 20-33$ are in play for me 🍻

— XRP_Shark (@XRP_Shark) July 4, 2024

This sentiment is widely shared among independent market analysts in the crypto community. On the other hand, analysts at prediction platforms like Changelly and Telegaon believe an XRP at $20 will not see the light of day until the next decade.