Crypto Analysts Express Confidence Over XRP’s Potential Rally

Multiple cryptocurrency analysts on X consider $XRP’s latest surge a signal of what is to come for the digital asset. In separate posts, two analysts suggested that climbing above $1.5 will boost $XRP’s rediscovered bullish momentum, opening the way for higher targets.

$XRP Could Repeat a Historical Trend

The first analyst, Cryptoinsightuk, used a graphic illustration to compare $XRP’s Wednesday price surge with historical moves that led to sustained uptrends. The cryptocurrency surged to a daily high of $1.49, its highest level since the first week of February, triggering bullish sentiment.

Considering historical patterns, the crypto analyst explained that $XRP is set to push higher from its current price. According to him, it is still early days for the potential upward movement, which does not appear to be driven solely by Open Interest or manipulated.

The Possible Scenarios for $XRP

The second analyst, Cypress Demanincor, maintained that $XRP’s outlook will remain bullish if the price maintains its level above $1.40. He identified the $1.49-$1.52 range as $XRP’s next major hurdle, above which the cryptocurrency will experience a momentum boost that could trigger further upside movement to the $1.68 sell wall.

Although the analyst believes $XRP can return above the $2.0 resistance if it breaks the sell wall at $1.68, he noted that the cryptocurrency could still retest the $1.40 support if buyers fail to sustain the bullish momentum. Meanwhile, breaking below $1.40 could see $XRP returning to the $1.35 support zone, potentially neutralizing the rediscovered bullish momentum.

In the meantime, TradingView’s data reveals that $XRP traded for $1.43 at the time of writing, having experienced a slight pullback. The cryptocurrency remains within a strong sideways range, with its price action clustering between $1.35 and $1.50 since the first week of February.