A crypto analyst has <a href="https://bitcoinist.com/xrp-price-46900-246/" rel="nofollow">predicted the next price target for the XRP price</a>, noting that the altcoin was nearing a key point that could potentially trigger a major bull rally for the cryptocurrency.&nbsp; 
<h2 id="xrp-price-roadmap-to-20">XRP Price Roadmap to $20</h2> 
In an X (formerly Twitter) post on May 20, Crypto analyst, Javon Marks <a href="https://x.com/javontm1/status/1792653689750016430?s=46" rel="nofollow">forecasted</a> a strong <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-rises-range-0-5380/">bullish breakout</a> for the XRP price in this market cycle. Marks explained that XRP was steadily approaching a critical converging point, with an emerging <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-relative-strength-40/">Relative Strength Index (RSI)</a> pattern indicating strong underlying momentum for the cryptocurrency.&nbsp;&nbsp; 
An RSI is a technical tool used to measure the speed and change of price movements in a cryptocurrency. It is also used to determine the short-term momentum of a cryptocurrency’s market.&nbsp; 
Sharing a price chart depicting the <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-hold-100-sma-0-520/">XRP price movements</a> from 2018 to 2025, the analyst predicts that XRP’s closing converging point and RSI pattern are signaling a massive breakout to new all-time highs. He has projected a “conservative” target that could see <a href="https://bitcoinist.com/crypto-expert-says-xrp-price-can-rally-3600-to-18-if-this-happens/" rel="nofollow">XRP’s price soaring</a> between $15 and $20 in the coming weeks.&nbsp; 
<img loading="lazy" decoding="async" class="wp-image-609289 size-medium" src="https://www.newsbtc.com/wp-content/uploads/2024/05/XRP_5ffb4a.jpeg?w=460&amp;resize=460%2C280" alt="XRP" width="460" height="280" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/XRP_5ffb4a.jpeg?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/05/XRP_5ffb4a.jpeg?w=460&amp;resize=460%2C280 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
Additionally, <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-break-out-0-520/">XRP’s present price actions</a> are displaying a bullish pattern reminiscent of the one observed during its mega rally to a new all-time high of $3.84 in January 2018. Marks noted that for XRP to reach the ambitious $20 price target, the cryptocurrency would have to <a href="https://www.newsbtc.com/analysis/xrp/how-high-can-the-xrp-price-go/">witness a massive surge</a> of 2,000% to 3,000%, translating to 20X to 36X from its current price.&nbsp;&nbsp; 
Concluding his analysis, the crypto analyst disclosed that all the factors and indicators were pointing towards a potential rise in XRP’s price. However, the exact timing of when this will occur is uncertain.&nbsp;&nbsp; 
<h2 id="more-bullish-projections-for-xrp">More Bullish Projections For XRP</h2> 
XRP has been drawing significant attention from market analysts, who are <a href="https://bitcoinist.com/33000-move-for-xrp-price/" rel="nofollow">projecting</a> increasingly bullish price movements for the cryptocurrency. Despite its struggles to <a href="https://bitcoinist.com/xrp-price-to-reach-1-68/" rel="nofollow">reach the coveted $1</a>, the XRP price has still exhibited some strength as it continues to maintain a price position around the <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-consolidates-0-530/">$0.5 mark</a>.&nbsp; 
Prominent XRP supporter and crypto analyst identified as ‘JackTheRippler,’ on X <a href="https://x.com/ripplexrpie/status/1793002201259876644?s=46" rel="nofollow">predicts</a> that XRP is poised for an explosive rally after years of accumulation. Sharing a price chart illustrating XRP’s price action from 2017 to 2024, the crypto analyst revealed indicators that suggested a <a href="https://www.newsbtc.com/analysis/xrp/why-xrp-price-will-reach-33/">potential rise to new highs</a>.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium wp-image-609290" src="https://www.newsbtc.com/wp-content/uploads/2024/05/XRP-Price-5.jpeg?w=460&amp;resize=460%2C226" alt="XRP Price" width="460" height="226" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/XRP-Price-5.jpeg?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/05/XRP-Price-5.jpeg?w=460&amp;resize=460%2C226 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
Another XRP community member and crypto analyst identified as ‘XRP Captain,’ has also <a href="https://x.com/universetwenty/status/1792897789384384758?s=46" rel="nofollow">confirmed</a> a potential breakout for the cryptocurrency. He disclosed that XRP’s next target will likely be $0.7 before June 2024.&nbsp; 
At the time of writing, XRP’s price is trading at $0.53, marking a decline of 1.06% in the last 24 hours, according to CoinMarketCap. Over the past seven days, the cryptocurrency has performed relatively well, recording a series of minor rallies that contributed to a 6.67% gain. 
A bullish breakout for XRP will require <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-momentum-0-5120/">sustained momentum</a> and increased trading activities from investors. Currently, the cryptocurrency’s daily trading volume has not demonstrated significant growth, indicating only a slight increase of 3.25% in the last 24 hours.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/jN6sOMyR/" alt="XRP price chart from Tradingview.com" width="3286" height="1576">

XRP Price Nears Major Converging Point: Analyst Predicts 3,600% Jump To $20

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