XRP Analysts Predict Vertical Expansion with Targets Up to $27
Crypto analyst ChartNerd believes XRP is approaching a third retest of a long-term trendline that has shaped every major price move since 2017. This trendline has been a key factor in determining XRP's price movements, and ChartNerd thinks it could lead to a vertical expansion.
According to ChartNerd, the current price levels are one of only five instances in XRP history where a pullback exceeded 70%. He considers this zone high-conviction for long-term holders. His targets sit at $8, $13, and $27.
Crypto analyst Cleo Schmidt has also published a roadmap that mirrors ChartNerd's bullish outlook. She compares XRP's current cycle to its 2013-2017 structure and places the asset at the same stage that preceded a move of over 60,000%. Her step-by-step roadmap runs through $1.80, $3.20, $6.50, and up to $13.
Ripple CTO Emeritus David Schwartz has also weighed in on XRP's future, stating publicly that he believes XRP surpassing Bitcoin by market cap is the more likely scenario. He said he believes XRP is more likely to rise. However, many are skeptical, as they have waited for years and have not seen the results many experts have predicted.