XRP Poised for Next Move: Will Analysts' Bullish Outlook Hold or Spark Correction?

Ripple's XRP has been on a tear in recent days, surging by nearly 50% on a weekly basis and reaching a new high of $1.50 per coin. Analysts are divided on what comes next for the cryptocurrency, with some predicting additional gains while others foresee a double-digit correction.

The majority of analysts expect further growth ahead, citing the rising institutional interest in XRP as a key driver of its recent success. The launch of Spot XRP ETFs has attracted significant capital, with last week being the best on this front since May.

However, not all analysts are bullish. Diana notes that while XRP's RSI has cooled from extreme overbought territory, it still remains in a strong upward trend. She believes holding the $1.42-$1.30 range could lead to further gains, but warns that losing this support level might trigger a pullback below $1.30.