Analyst Insists Ripple (XRP) Price Is Going to $200: Reveals Upcoming Trigger for Bullish Rally
The price of XRP has resumed its upward trajectory. The token is now trading at $3 after spiking by more than 40% in the last five days.
Cryptocurrency enthusiast Rob from the XRP007 channel has shared his bullish outlook on XRP price. He suggests ambitious targets that could see the digital asset spike in the short and long term.
What you'll learn 👉
Regulatory Catalysts on the Horizon
A key catalyst for XRP potential surge, according to Rob, could materialize as early as January 21st with the incoming administration. The possible repeal of SA 21, which would enable banks to custody cryptocurrency, could trigger substantial institutional adoption. This regulatory clarity stands as a cornerstone for XRP’s utility and value proposition.
Rob also addressed the ongoing regulatory situation, predicting that SEC Chair Gary Gensler could file a formal appeal against Ripple. He emphasized that XRP’s ability to reach $3 despite these regulatory challenges shows remarkable market strength.
XRP Price Targets and Technical Analysis
Drawing from various technical analyses, Rob presented a series of price targets. In the immediate term, analyst Mango Way projects $3.32 as the next target if XRP maintains closure above $2.86, with a measured move suggesting potential growth to $12.50.
For those looking to accumulate, Rob identified a demand zone between $2.30-$2.39.
The analysis becomes more ambitious when looking at mid-term projections. Rob anticipates XRP could approach $9.56 by January 21st, coinciding with the new administration’s first day. This aligns with Mango Way’s $12.50 target.
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Another analyst, Egad Crypto, envisions Wave 3 pushing XRP to $15-16 by February 15th.
Rob’s long-term outlook is particularly optimistic, suggesting XRP could mirror its 2017-2018 bull run pattern to potentially reach $200 by August or September 2025. He referenced analyst XRP Resurrected’s golden ratio target of $26, projected for February 15th.
Strategic Considerations for Holding XRP Tokens
Regarding investment strategy, Rob emphasized holding through institutional adoption phases. He recommends monitoring platforms like FiatLeak for significant transaction volumes and watching for signs of widespread adoption in the payments sector. For custody solutions, he personally endorses Caleb and Brown alongside cold storage options.
Rob contextualized XRP’s growth by noting its market capitalization has surpassed that of Disney, drawing a parallel to Walt Disney’s philosophy: “If you can dream it, you can build it.” He cautioned investors to remain vigilant about potential market volatility around inauguration day while maintaining his overall bullish stance.
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