Analyst Says XRP Price Will Rally 10,400% To $60, Here’s When
### XRP Price Prediction: Analyst Forecasts 10,400% Surge to $60
A crypto analyst has shared an optimistic outlook for XRP, predicting a massive rally of up to 10,400%, with a target price of $60. The analyst has also provided insights into when this surge could potentially occur.
### Analyst Projects XRP Price to Reach $60
In a post on X (formerly Twitter) on August 12, crypto analyst Brett Hill expressed strong bullish sentiment regarding XRP’s future. He believes that XRP could be on the cusp of a major breakout, potentially reaching new all-time highs.
Hill presented a chart tracking XRP’s price movements from March 2023 through 2025. Based on this analysis, he predicts that XRP could climb to a range of $50 to $60, which would represent an astounding 10,400% increase from its current value.
### Key Technical Indicators Point to Bullish Momentum
Hill’s forecast hinges on the weekly Moving Average Convergence Divergence (MACD) indicator, a momentum tool used by traders to identify entry and exit points. According to the analyst, this indicator is signaling strong bullish momentum for XRP, which could lead to significant price gains.
He also highlighted a critical support level at $0.5403. Hill suggests that if XRP remains above this support, it could pave the way for the predicted surge to $50-$60. With XRP currently trading at $0.57, well above the key support, this bullish scenario may play out in the coming weeks.
However, Hill advises investors to monitor the resistance level at $0.6836 closely. A breakthrough above this level could trigger even stronger upward momentum, potentially driving XRP’s price higher.
### Continued Optimism Following Ripple’s Legal Win
Hill’s bullish outlook follows Ripple’s recent legal victory against the U.S. Securities and Exchange Commission (SEC). On August 8, a U.S. District Court ordered Ripple to pay $125 million in civil penalties for selling XRP to institutional investors, a significantly lower sum than the SEC’s initial demand of $2 billion. Ripple CEO Brad Garlinghouse hailed the outcome as a major win.
This legal clarity has bolstered market confidence, with other analysts also predicting a bright future for XRP. Amelie, a crypto enthusiast, suggested that XRP’s clearer regulatory standing could attract trillions of dollars in investment to XRP Ledger (XRPL) projects.
Additionally, another crypto analyst known as ‘CryptoBull’ on X has projected a bullish target range of $13 to $46 for XRP over the next 1 to 18 months.
Overall, with growing technical signals and a positive legal backdrop, analysts remain optimistic about XRP’s potential for significant gains in the near future.
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