XRP Price Prediction: Will XRP Hit $2 by November End?

Crypto analysts Mikybull Crypto and CrediBULL Crypto painted a bullish picture for XRP with $2 as the predicted price by the end of November.

Several crypto analysts are predicting a bullish XRP price trend, with some suggesting it could reach $2 by the end of November.

Mikybull Crypto highlighted XRP’s potential for a strong uptrend due to bullish price momentum.

CrediBULL Crypto further supports this prediction, indicating a critical level XRP is approaching, which could trigger an extended 5th wave rally, typically associated with significant price increases.

Both analysts focused on XRP’s current price levels, suggesting the cryptocurrency is positioned well to overcome resistance levels, potentially paving the way toward the $2 mark.

However, this forecast is contingent on the broader market scenario, particularly the price movements of Bitcoin, which plays a crucial role in XRP’s performance.

CrediBULL Crypto emphasizes that this upswing to $2 is only possible if Bitcoin maintains its ground above $94,000.

According to the analyst, Bitcoin price plays a critical role in the overall cryptocurrency market.

If Bitcoin price falls below this level, it would adversely affect the upward movement of XRP.

XRP’s recent price action shows it is in a critical zone. It can either proceed to wave 5 extension if BTC continues its upward movement.

While the Bitcoin trend continues upward, a pullback below crucial support levels might be bearish for XRP.

It may lead to consolidation or correction. According to the analyst, the XRP is likely to hit $2 if Bitcoin remains stable.

Other altcoins benefitting from positive market sentiment and increased demand.

Similarly, another market analyst, Egrag Crypto, suggests that once XRP breaches the $2 mark, it could rally toward higher levels.

In his analysis, he points out the $2 price point as the key level. It corresponds to the Fib 0.236 channel.

A breakthrough of this level may draw the attention of investors. It could provoke a price increase toward the double-digit mark.

Egrag Crypto notes that Historical patterns show XRP usually passes key Fibonacci levels in bullish cycles.

However, he states that with the right news and market catalysts, the crypto could see a huge spike in demand.

In fact it will probably rally past the $2 threshold and begin seeing new price discovery.

Elliot Wave Theory Projects XRP Price at $13

Market commentators have used Elliott Wave Theory to project long-term bullish potential for XRP, suggesting price targets as high as $13.

This analysis of XRP indicates that the coin is in the fourth corrective wave of a larger bullish structure.

Going forward, the next phase, wave 5, is expected to take XRP to price discovery models.

The target’s short-term up are nearly $3.80 to $4.20.

In accordance with Elliott Wave Theory, XRP could start its final 5th wave following a macro wave 4 correction and take prices from $8 to $13.

Analysts say that XRP’s bullish rally is driven by bullish investor confidence, expanding market demand, and supportive technicals.

At press time, XRP is priced at $1.42, up 5% over the last 24 hours.

Moreover, the 24-hour trading volume is $7.88 billion and the market capitalization is 80 billion.