Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has shared an optimistic outlook for the XRP price, the native token of the XRP Ledger (XRPL), predicting a potential rally of up to 10,400% with a price target of $60. The analyst has also outlined when to expect this anticipated price increase.\u00a0 XRP Price Set To Hit $60 With Projected 10,400% Surge In an X (formerly Twitter) post on August 12, crypto analyst, Brett Hill expressed bullish optimism about XRP\u2019s future price. The analyst suggests that XRP could be on the verge of a significant breakout, potentially propelling it to new all-time highs.\u00a0 Related Reading: Ethereum Return To $4,000: Key Zones And Price Levels To Watch He shared a chart tracking XRP\u2019s price movements from March 2023 to 2025. Based on his analysis, the analyst predicts that XRP is poised to reach a price range of $50 to $60, representing a substantial 10,400% surge from its current value.\u00a0 While outlining his bullish forecast for XRP, Hill pointed to XRP\u2019s weekly Moving Average Convergence Divergence (MACD).\u00a0The\u00a0MACD is a trend-following momentum indicator that is used to identify entry and exit points for crypto traders.\u00a0 The analyst disclosed that this unique indicator is currently signaling a strong bullish momentum for XRP, solidifying its potential price increase to new all time highs. He further highlighted a key support level at the $0.5403 mark. Hill has forecasted that XRP would potentially surge between $50 to $60 if it stays above the aforementioned support level. With XRP currently trading at $0.57, well above the crucial support level, this could mean that the $50 to $60 price target may be achieveable in the coming weeks.\u00a0 The analyst has also affirmed that as long as XRP holds this support level, it is well-positioned for \u201cbig gains.\u201d Despite his rather ambitious and bullish prediction for the cryptocurrency, Hill warns that investors should watch out for a resistance level of $0.6836.\u00a0 He disclosed that if XRP can break through this resistance level, it could potentially trigger a powerful upward momentum that could send its price even higher.\u00a0 Analysts Stay Bullish On XRP After Legal Win In a previous X post, Hill forecasted that the XRP Ledger is poised for an explosive growth following Ripple\u2019s recent legal victory over the United States Securities and Exchange Commission (SEC).\u00a0 On August 8, the United States (US) South District Court fined Ripple $125 million in civil penalties for violating securities laws by selling XRP to institutional investors. Ripple\u2019s Chief Executive Officer (CEO), Brad Garlinghouse sees the settlement fee as a significant win, given that the SEC had previously requested a whopping $2 billion in settlement.\u00a0 Related Reading: Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000 Following the Court\u2019s rule, analysts and market watchers have expressed optimistic outlooks about XRP\u2019s future value. Crypto enthusiast, Amelie disclosed that XRP\u2019s newfound regulatory clarity was set to inject trillions of dollars into XRPL projects.\u00a0 Additionally, a crypto analyst identified as \u2018CryptoBull\u2019 on X has projected a major bullish price target for XRP. According to the analyst, XRP could surge anywhere between $13 and $46 within the next 1 to 18 months.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":635193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-635132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n
Analyst Says XRP Price Will Rally 10,400% To $60, Here\u2019s When<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n