XRP price has been on the investors’ radar, with top experts predicting a potential rally to $5 ahead. This bold prediction has fueled market optimism, especially as the crypto hovered between the $3 and $3.10 mark recently. However, a renowned analyst has also highlighted key support levels that Ripple’s native crypto should breach to continue its run toward the north.
Top Experts Predict XRP Price Rally To $5
XRP price remained stagnant between the $3 and $3.1 mark recently, which has sparked discussions among market watchers. It has also raised questions if Ripple’s native crypto has lost momentum to continue its upward run ahead.
However, top market expert Dark Defender remains bullish, predicting a significant price rally if XRP breaks a crucial level. According to Dark Defender, XRP is nearing the completion of its ABC Corrective Wave pattern in the daily time frame.
He noted that if XRP breaks $3.11, a surge to Fibonacci Orbit Levels is expected, with $5.85 being the first target, followed by $18.22. In other words, Dark Defender expects Ripple’s native crypto to break $3.11 within 24 hours, paving the way for a potential price rally.
Key Support Levels To Watch If Ripple’s Native Crypto Slips
Investors are keeping close track of the crypto despite the recent bullish predictions. Besides, discussions have also soared if the crypto slips ahead, especially after the recent crypto market crash, which has raised market concerns.
However, another top analyst highlighted a key support level for the crypto if it moves towards the south. For context, Rose Premium Signals recently hinted towards a potential dip in Ripple’s native crypto. Despite that, the analyst remained bullish, saying that a potential dip could provide a buying opportunity to the investors. Notably, the XRP whales accumulated 120 million coins during the last dip, which indicates the investors’ strong confidence in the asset.
In addition, the expert highlighted $2.7 as a major support level for the XRP price. According to Rose Premium Signals, the crypto is likely to hit $4 and continue its rally to $5, echoing a similar sentiment to Dark Defender.
What’s Next For XRP Price?
According to the experts’ remark, XRP price should breach the $3.11 level to continue its upward run ahead. However, for a potential bearish scenario, the crypto must hold the $2.7 level to witness a strong reversal and continue its rally to $5.
Meanwhile, XRP price recorded a surge of around 0.8% and exchanged hands at $3.11 during writing. The crypto has hovered between a high of $3.13 and a low of $2.98 in the last 24 hours, reflecting a volatile scenario in the market.
However, with several factors like Ripple receiving Money Transmitter licenses in New York and Texas, it appears that its native crypto is poised to rally ahead. In addition, a renowned market expert recently said that XRP price is likely to flip Ethereum in the long run, securing the second position rank in terms of highest market cap. This indicates the market’s bullish outlook on the crypto, suggesting a looming price surge ahead.
Simultaneously, the latest war between the XRP community and Bitcoin maxis due to US XRP Reserve speculations has also sparked discussions. Notably, if the US decides to add XRP into its strategic reserve, it could further boost the asset’s price.
The post Top Experts Predict XRP Price Surge To $5 If Ripple Breaks This Crucial Support appeared first on CoinGape.
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