XRP Breaks Above $1, But Analysts Clash Over Future Prospects

XRP has broken back above $1 after weeks of volatile trading, but analysts remain divided on its future prospects.

A bullish wave model projects targets at $5.8563 and $9.0362, while a bearish count predicts a fall to $0.85-$0.86.

XRP rose about 15% overnight to roughly $1.15, reclaiming the psychologically important level of $1. However, several resistance levels remain overhead, including around $1.20-$1.30, $1.50 and $1.88.

The disagreement between analysts follows weeks of unstable trading, with XRP near $1.01 when a bearish count appeared after a 2.5% daily decline linked to the Senate's failure to advance the Clarity Act before recess.