Analyst Predicts 50% “Moonshot” For XRP Price If This Line Breaks

Crypto analyst Jaydee has predicted a 50% rally for the XRP price . He highlighted a resistance level, which the altcoin needs to break above on its BTC pair to record this massive uptrend.

XRP Price Eyes 50% Rally With Break Above $2.20

In an X post , Jaydee predicted that the XRP price will record a 50% “moonshot” rally once it breaks above the $0.00002 resistance level on its Bitcoin pair . XRP has since broken above this resistance level, suggesting that this moonshot rally may be imminent, with the altcoin surging to as high as $3.35.

A rally to $3.35 will bring the XRP price close to its current all-time high (ATH) of $3.84 and also mark a new yearly high for the altcoin. In a subsequent analysis , Jaydee confirmed that XRP could rally to new ATHs with a successful break above this resistance level. On the other hand, he warned that the altcoin could crash to as low as $1.60 if it fails to hold this level on at least the 3-day timeframe.

Crypto analyst Guy also recently predicted that the XRP price could rally to a new ATH of $5.30. The analyst indicated that the $2.33 level is the key to kickstarting this uptrend for the altcoin. Once XRP breaks above, he predicts that it will rally to $2.55. A break above this $2.55 level would then pave the way for another rally to the current ATH and the Fibonacci extension at $5.30.

Possible Scenarios Following Break Above $2.30

In an X post, crypto analyst CasiTrades outlined three potential scenarios that could unfold following the XRP price break above $2.30 . The first scenario is the cleanest move, in which she predicts that XRP could run towards $2.45, then flips $2.30 into support on a backtest. CasiTrades remarked that this gives the altcoin a solid base for a move to $2.69 and beyond.

For the second scenario, the crypto analyst described this as a more aggressive move. In this case, she predicts that the XRP price could record a sharp breakout through $2.30 and head straight to $2.69 . From there, she added that the altcoin could pull back to $2.45 as the mid-way support zone before continuing its uptrend.

The third scenario is the most bullish for the XRP price. CasiTrades predicts that the altcoin could break through $2.69, confirm this price level as support, and then clear the way towards $3 and above. This would then put the current ATH in sight for the altcoin.

At the time of writing, the XRP price is trading at around $2.32, up over 2% in the last 24 hours, according to data from CoinMarketCap.