bullish

Bitcoin

Captain

<p>After trading sidewise for a long period, Ripple’s XRP has surged to $0.62 and holding steady, supported by positive sentiment in the crypto market as <a href="https://coinpedia.org/news/bitcoin-breakout-alert-can-btc-smash-68k-heres-what-popular-analyst-says/" rel="noopener noreferrer nofollow">Bitcoin price surge to $66,000</a> for the first time in five weeks. Prominent crypto trader Captain Faibik has predicted a potential 299.4% rally, with XRP possibly reaching $2.30 in the mid-term. And that’s not all—his long-term outlook suggests even bigger gains on the horizon!</p>  
<h2 class="wp-block-heading" id="h-xrp-aim-to-hit-2-30">XRP Aim To Hit $2.30</h2>  
<p>According to Captain Faibik, XRP could be on the verge of a strong upward movement. With the market showing bullish signals, he has set a mid-term price target of $2.30 for XRP, representing a massive 299.4% increase from its current level.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/CryptoFaibik/status/1839969566631354738
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<p>This potential rally comes as Bitcoin’s rise is boosting confidence in the broader crypto market, including altcoins like XRP.</p>  
<p>However, this <a href="https://coinpedia.org/news/why-xrp-price-is-poised-for-a-rally-after-years-of-consolidation/" rel="noopener noreferrer nofollow">growing optimism around XRP</a> is fueled by rising institutional interest, alongside the expectation of favorable regulatory outcomes. With almost the end of a 4-year long legal battle with the SEC, many believe that clearer regulations could significantly strengthen XRP's standing in the market.</p>  
<h2 class="wp-block-heading" id="h-long-term-outlook-even-bigger-gains">Long-Term Outlook: Even Bigger Gains?</h2>  
<p>Echoing a similar bullish stance market analyst EGRAG has hinted at even more ambitious long-term price goals for XRP. He says that XRP could potentially see an 888% surge if it hits its previous high of $3.31. EGRAG's latest analysis highlights a recurring chart pattern on XRP’s 1-month chart, resembling its 2017 bull run. Back then, XRP hit an ascending red support line four times before skyrocketing.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/egragcrypto/status/1839607118623621218
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<p>Currently, XRP has touched this <a href="https://coinpedia.org/price-analysis/xrp-price-pushing-at-the-same-resistance-when-will-it-break-above-the-range/" rel="noopener noreferrer nofollow">same support line again</a>, signaling the possibility of a similar rally. EGRAG believes that if conditions align, XRP could reach $31, coinciding with a major Fibonacci extension level (Fib 1.618).</p>  
<p>However, for this to happen, XRP needs to first surpass its previous all-time high of $3.31 from 2017. If it does, even a fraction of the gains from that rally could push the price to $6.50 and beyond, potentially targeting $31.</p>

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