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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.