Rise

<a href="https://bitcoinist.com/analyst-dogecoin-chart-beautiful/" rel="nofollow">Crypto analyst Jaydee</a> has outlined a scenario in which the XRP price could rise to <a href="https://www.newsbtc.com/analysis/xrp/crypto-4400-xrp-price-27/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.">as high as $20</a> at the peak of the next bull market. According to him, this price level is possible if certain factors are considered.&nbsp; 
<h2 id="what-will-facilitate-xrp-price-rise-to-20">What Will Facilitate XRP Price Rise To $20</h2> 
Jaydee mentioned in an X (formerly Twitter) <a href="https://x.com/jaydee_757/status/1749288773526110511?s=20" rel="nofollow">post</a> that $20 is a “possible top” for XRP using the market cap as a marker. For this to happen, he also noted that there must be a <a href="https://bitcoinist.com/parabolic-breakout-xrp-price/" rel="nofollow">structure break on the charts</a>. 
The analyst, however, is not holding his breath for that to happen. He further remarked that he was going to take profits once <a href="https://bitcoinist.com/can-xrp-price-reach-50-crypto-analyst-predicts-massive-move/" rel="nofollow">XRP</a> was overbought on multiple higher timeframes. Interestingly, Jaydee had once shown his skepticism about XRP rising to between $10 and $15. As such, his latest analysis came as a <a href="https://x.com/xrpfanboi88/status/1749629362062909622?s=20" rel="nofollow">surprise</a> to some of his followers.&nbsp; 
Meanwhile, <a href="https://www.newsbtc.com/news/xrp-price-breakout-to-5-analyst-reveals-key-levels-of-importance/#:~:text=Crypto%20analyst%20Egrag%20Crypto%20has,to%20%245%20in%2090%20days.">crypto analyst Egrag Crypto</a> recently <a href="https://x.com/egragcrypto/status/1749390888243953887?s=20" rel="nofollow">provided</a> an analysis of XRP’s current state. He stated that things are looking bullish on the monthly time frame. He further hinted that a major pump was “brewing,” but there could be more move to the downside before that happens. This, he says, will be “enough to spook the weak hands.”&nbsp; 
The analyst also gave an insight into how low XRP could drop in another <a href="https://x.com/egragcrypto/status/1749383015883481179?s=20" rel="nofollow">X post</a>. He noted that XRP was currently in a critical zone and that a weekly close below the ascending triangle’s edge could trigger a price downturn to $0.34. On the other hand, if XRP were to close above $0.75, Egg believes that would invalidate <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-800-5-90-days/#:~:text=%E2%80%9CXRP%20To%20%245%20In%2090,of%20a%20prolonged%20bull%20market.%E2%80%9D">his current setup</a>.&nbsp;&nbsp; 
In the meantime, the analyst sees these current dips in the XRP market as an opportunity to <a href="https://www.newsbtc.com/analysis/xrp/245-million-whale-xrp-price/">accumulate more tokens</a> while preparing for the pump that will “roll in fast mode.” 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/ySWUjJMr/" alt="XRP price chart from Tradingview.com (Crypto analyst)" width="3266" height="1530"> 
<h2 id="the-bottom-for-xrp-s-current-trend">The Bottom For XRP’s Current Trend</h2> 
The current belief among different crypto analysts seems to be that XRP is likely to decline further before it makes any parabolic move to the upside. <a href="https://bitcoinist.com/crypto-analyst-predicts-1300-for-cardano/" rel="nofollow">Crypto analyst Ali Martinez</a> had <a href="https://www.newsbtc.com/analysis/xrp/crypto-analyst-xrp-crash-0-34/">previously predicted</a> that XRP could drop to $0.34 if it failed to hold above the $0.55 support level (which it has failed to do).&nbsp; 
Now, crypto analyst XRP Shark is also <a href="https://x.com/XRP_Shark/status/1749521651182473640?s=20" rel="nofollow">echoing</a> almost similar sentiments as he shared his belief that the price ranges between $.35 and $0.45 could be the <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-topside-bias-vulnerable-0-60/">bottom area for XRP’s move</a> to the downside. Once the crypto token drops to that price range, he predicts that a “violent move to the upside” will follow.&nbsp; 
As Egrag suggested, this move to the downside looks necessary to shake out weak hands before XRP experiences new highs. Crypto analyst Crypto Rover <a href="https://bitcoinist.com/parabolic-breakout-xrp-price/" rel="nofollow">predicts</a> that XRP will experience a “massive breakout” sometime in March.&nbsp;

Is XRP Price At $20 Possible? Crypto Analyst Predicts Stunning Move

Table of Contents

NewsBTC

Other articles published on Jan 23, 2024

Ethereum Faces Market Turbulence Amidst Recent Decline

MANTA grows by 9%, TVL jumps 72% after token listing

OKX strengthens Hong Kong foothold after HashKey's Series A funding round

Cardano: Expert Predicts Bull Run with ADA Soaring to $11!

3AC’s Su Zhu Says Singapore Jail Time Was “Really Enjoyable Experience,” Gave Him Best Sleep Of H...

Cardano (ADA) and Stellar (XLM) Outflows are Giving Pushd (PUSHD) Investors a Free Lunch: Find ou...

Join our free newsletter for daily crypto updates!