XRP Price Rally Is Far From Over, Analyst Predicts – Here Are Bull Run Targets

XRP's explosive price rally continues to gain traction, with analysts forecasting even higher price levels in the current market cycle.

XRP’s recent price rally has been nothing short of explosive, leaving many traders wondering how high the token can go. One analyst, Crypto Patel, has shared his predictions and outlined a strategy for navigating XRP’s bull run.

Combining his analysis with historical chart patterns, Patel’s predictions offer an outlook on XRP’s future price movements.

XRP’s price has surged by 366%, reaching levels that validate Patel’s earlier prediction of a bullish breakout. In a tweet, he highlighted the importance of ignoring external negativity, such as regulatory challenges involving figures like Gary Gensler.

Highlighting the profits enjoyed by those who accumulated XRP between $0.40 and $0.50, Patel’s analysis remained upbeat. He predicted that XRP could soon reach $2, a critical resistance level.

Critical Resistance Levels and Long-Term Targets

Surging past this resistance, Patel’s analysis anticipates medium-term targets of $3 to $5 in the ongoing bull market. However, he tempers expectations for a $10 valuation, labeling it unlikely within the current cycle.

Patel’s strategy advises traders to extract their initial investments, securing profits while maintaining a portion of XRP for potential further gains.

Analyzing XRP’s historical price action, Patel’s chart reveals key phases of accumulation, breakout, and resistance. Between 2014 and 2024, XRP’s price movements highlight a significant breakout in 2017, which led to an all-time high of $3.84. Following this peak, XRP experienced a prolonged bear market and consolidation phase.

Support Zones and Resistance Levels in XRP’s Historical Price Chart

Crucial support zones, like the $0.30 to $0.50 range, played a pivotal role in XRP’s price stability during the accumulation phase. The current breakout above a multi-year descending triangle confirms a bullish reversal, setting the stage for higher targets.

Resistance levels at $1.94 and $3.84 remain critical hurdles for XRP to surpass, aligning with the targets outlined by Crypto Patel.

Besides, the chart analysis also highlights a vertical arrow symbolizing potential gains exceeding 2,700%, consistent with XRP’s historical parabolic movements during bull markets.

While the possibility of reaching $10 is acknowledged, Patel emphasizes the importance of strategic profit-taking. His approach encourages mitigating risks and maximizing returns, underscoring the cyclical nature of cryptocurrency markets.