thecryptobasic.com
With $XRP briefly emerging among the top gainers last night, the asset is garnering praise even from prominent critics who had previously written it off.
In a post on X today, widely followed analyst Rafaela Rigo noted that the previously sluggish crypto asset $XRP is now poised to become a bullish runner.
This praise came after $XRP hit a 17-month high of $0.8452 yesterday, following an intraday price surge of 23%. Considering that $XRP traded as low as $0.4937 on November 3, the altcoin’s price has surged by 71.12% since then.
Historically, $XRP had been one of the worst-performing assets among the top ten cryptocurrencies. However, it now boasts the best seven-day price performance, trailing only Dogecoin among the top ten.
“The snail is ready to become a runner,” said analyst Rigo, commenting on $XRP’s recent price action.
Optimism for $XRP’s Performance
Accompanying her post was a chart showing her expectations for $XRP to gain an additional 75%, potentially pushing its price above the $1 mark to $1.345. Notably, $XRP last traded at these levels in 2021.
Bitcoin Maxi Invests $2M in $XRP
Similarly, “MMCrypto,” a prominent pro-Bitcoin crypto pundit known for his critical stance on $XRP, has also flipped bullish on the asset. When $XRP first broke into the $0.70 range on Tuesday, MMCrypto declared that $XRP was no longer a stablecoin and disclosed his acquisition of $2 million worth of $XRP tokens.
In more recent posts, he noted that $XRP was displaying a coiling pattern, suggesting it is nearing a breakout point, and highlighted that a significant move could happen within the next 6 hours.
After $XRP briefly pulled back to retest the $0.786 level following the surge above $0.80, he warned traders to proceed with caution. Notably, this pullback was triggered by Bitcoin’s volatility.
$XRP Train in Motion — Road to $27?
Meanwhile, analysts are becoming increasingly confident that the era of cheap $XRP is coming to an end.According to analyst Mikybull, “The train has already left the station.”
Mikybull told $XRP holders to expect a massive rally that could push the cryptocurrency to a new all-time high by March 2025. He has projected a potential surge to $12, representing a remarkable 1,400% increase from $XRP’s current price level.
Meanwhile, market analyst EGRAG believes that anything less than a 4,000% increase for $XRP this cycle could signal market manipulation. EGRAG sees the possibility of far greater gains for $XRP, including a potential 96x rise to $27 from its cycle low of $0.28.