Market analyst Ben Armstrong, popularly known as BitBoy, shares two timelines for when XRP is likely to reach $4.50.
Since XRP surpassed the $2 price level in early December, the altcoin appears to be stuck in a range and unable to break above the $2.80 level. XRP bulls failed to keep the altcoin above the $2.0 level, allowing it to briefly revisit its 2021 high of $1.90 before a massive rally to $2.61 on December 9.
While XRP rallied to get back above $2.50, sustainability difficulties became apparent as it lost momentum. This has caused XRP to fall slightly within $2.40, making holders increasingly anxious. The XRP army is hoping for a new catalyst to trigger XRP price action.
As a result, market analysts led by BitBoy have conveyed optimism about how long XRP holders will wait. Beat Boy Party accountXRP is poised for a breakout, suggesting it could surge to $4.50 by December 31st.
BitBoy believes that if ambitious price levels fail for two weeks into 2025, there is a good chance that XRP will hit this milestone in January. The bold timeline has sparked interest and excitement among the XRP community. With XRP currently at $2.40, the altcoin would need to experience an upside of 87.5% to reach $4.50.
Critics Differ on Ambitious XRP Goals
Some members of the cryptocurrency community criticize the optimistic outlook for the short term. Critics challenge BitBoy’s predictions, citing the lack of technical data and chart analysis to back up the ambitious claims.
One observer said that showed Mix forming a double top with lower highs. Based on this observation, he refutes BitBoy’s claim that XRP will be launched soon.
Sentiment is gaining traction, with some observers suggesting that it is optimal to exit the XRP market while the altcoin is still profitable.
Bullish support for XRP in near-term action
The majority of analysts reiterated their bullish outlook for XRP, highlighting an imminent rally reload. They suggest that XRP shares the optimism flooding the cryptocurrency community, as witnessed last month.
Crypto analyst Ali Martinez supports BitBoy. representative XRP will soon reach the $4.40 target. He dismissed the recent halt in the cryptocurrency bull market and added that XRP is heading into its fourth bullish pennant.
Martinez considers a previous instance where XRP jumped from $0.68 to $1.2. Although it experienced a temporary correction, XRP surged to $1.50.
The analyst claims that XRP has escaped another cooling phase and has risen to $2.87. Following this pattern, Martinez argues that a period of consolidation precedes another upward move, with $4.40 likely being the target for XRP.
One proXRP analyst, pseudonymously identified as CryptoBull, said: explain The idea is that XRP could surge so that the digital asset can be traded for $5 by December 20th. The motivation for the ambitious timeline lies in the short period it took XRP to set seven highs in the $1 range in late November. In early December it was $2.87.
Next bull market set to make XRP holders filthy rich
Crypto analyst Stephanie enjoys a bullish argument for XRP by suggesting that holders could reap huge returns as the altcoin rediscovers its upward trajectory. his technical analysisSteph believes the next breakout exists on the monthly chart, indicating a pending upward trajectory towards $35 until next year.
Stephanie noted that XRP price recently surged 30% after retesting at $1.96 on Tuesday, which coincides with the neckline of the W formation on the monthly chart. Steph believes a 1,300% upward move is needed to push XRP into the $30 range next year.
Although he is not specific about the time frame like BitBoy, Steph believes that a path from the $2.40 range to $35 will see holders of $1,000 worth of XRP explode to $14,000. Likewise, $70,000 worth of XRP translates into millions of dollars.
Steph advises XRP holders to watch out for opportunities to profit rather than waiting for predicted highs to materialize. Analysts argued that there is almost no guarantee against a surge in the price of the cryptocurrency, but added that it is looking increasingly likely that XRP will hit $35.