Market analyst Ben Armstrong, commonly known as BitBoy, shares two likely timelines for XRP to reach $4.50.
After XRP jumped above the $2 price level in early December, the altcoin appears stuck in a range and unable to rise above the $2.80 level. XRP bulls failed to keep the altcoin above the $2.0 level, allowing it to briefly return to the 2021 high of $1.90 before a massive rebound to 2.00, $61 on December 9.
As XRP rebounded to recover above $2.50, its struggle for persistence was evident as it lost momentum. This left XRP in a slight decline at $2.40, a result that is making holders increasingly anxious. The XRP Army is hoping for a new catalyst to trigger the XRP price movement.
The result saw market analysts led by BitBoy expressing optimism about how long XRP holders would wait. By BitBoy accountXRP is poised to usher in a breakout, suggesting it could hit $4.50 by December 31.
BitBoy considers that the failure of the ambitious price level that will occur in the two weeks until 2025 likely leaves XRP to reach this milestone in January. The bold timeline has captured the attention and excitement of the XRP community. With XRP currently at $2.40, the altcoin is expected to see an 87.5% rise to $4.50.
Critics differ with ambitious XRP goals
Some members of the crypto community are criticizing the short-term bullish outlook. Critics dispute BitBoy’s prediction, citing the lack of technical data and chart analysis to support this ambitious claim.
One observer illustrated that XRP showed a mix of double top formation with a lower top. Based on this observation, he refutes BitBoy’s claim that XRP will break out soon.
Sentiment is gaining ground, with several observers suggesting that it is optimal to exit the XRP market when the altcoin is still profitable.
XRP Bullish Support in Short-Term Action
The majority of analysts reiterate their bullish outlook for XRP with emphasis on an imminent restart of the rally. They suggest that XRP shares the bullish sentiment flooding the crypto community, as seen over the past month.
Crypto analyst Ali Martinez backs BitBoy, indicating that XRP will soon be tied to a target of $4.40. He dismisses the recent pause in the cryptocurrency bull run, adding that XRP ushers in the fourth bull pennant.
Martinez considers previous instances where XRP rose from $0.68 to $1.2. Although it suffered a temporary correction, XRP surged to $1.50.
The analyst claims that XRP escaped another cooling phase to rally to $2.87. Guided by this pattern, Martinez claims that the consolidation period only precedes another upward move where $4.40 is the likely target for XRP.
A proXRP analyst, identified under a pseudonym as CryptoBull, illustrated that XRP could rise to see the digital asset exchange at $5 by December 20. The motivation for this ambitious timeline is the short time it took for XRP to rise from the $1 range at the end of November to reach a high of seven points. to $2.87 in early December.
XRP Next Bull Run to Make Holders Extremely Rich
Crypto analyst Steph keeps the bullish argument for XRP alive by suggesting that holders could reap massive returns as the altcoin rediscovers its upward trajectory. In his technical analysisSteph believes the next breakout exists on the monthly chart to signal the impending upward trajectory towards $35 by next year.
Steph cites the recent 30% rise in the price of XRP after its retest at $1.96 on Tuesday, which corresponds to the neckline of the W formation on the monthly chart. Steph sees a 1,300% upward move as necessary to lift XRP to the $30 range next year.
While not specific on BitBoy’s timeline, Steph believes the move from $2.40 to $35 will cause holders of XRP valued at $1,000 to explode to $14,000. Likewise, the $70,000 worth of XRP would translate into several millions.
Steph advises XRP holders to watch for profit opportunities rather than waiting for the predicted spike to materialize. Analysts claimed that guarantees when it comes to crypto price rises hardly exist, although he added that XRP price to $35 is increasingly likely.
