- Analysts confirm that altcoin XRP is bullish.
- Traders look forward to next support target reclamation.
- Can XRP finally break through to a new ATH price soon?
The price of Ripple’s XRP, a popular altcoin asset this bull cycle, continues to show its bullish fervour. Today, the price of ADA and XRP both saw a pump in price, just as ETH and BTC prices also saw a short spike. Presently, analysts confirm that altcoin XRP is bullish, pointing to high chances of XRP hitting new ATHs ahead. Now, traders and XRP enthusiasts look forward to see the asset’s next support levels be reclaimed again.
Analysts Confirm That Altcoin XRP Is Bullish
Since before the bull cycle began, long-term XRP holders were hoping to see the price of XRP hit new ATH targets during altseason. This expectation only grew stronger when Ripple and XRP won their long-fought battle against the SEC, bringing greater clarity, integrity, and faith to the project and its objectives. With no red tape holding it back, the price of XRP pumped exponentially twice.
These pumps almost brought the price of XRP to its previous ATH price in the $3 price range, set about 8 years ago. However, the asset is yet to reclaim the $3 price range or higher. So far, the price of XRP has been hovering around $2, and analysts are keeping a close eye on the many resistance and support levels that XRP must break through and hold to reach higher targets.
Next XRP Support Levels to Watch
According to CoinMarketCap analytics, the price of XRP is currently trading at the $2.08 price range, showing that the asset is up by 1.11% in the past 24 hours. It is also boasting a total market cap of $125,709,535,738.9 and a 24-hour trading volume of $3,714,734,408.24. In fact, at its peak in the past 24 hours, the price of XRP hit $2.17, showing promising bullish momentum.
As we can see from the post above, this momentum has analysts excited, and one states that XRP is pulling some solid moves across the board. So far, XRP has seen a series of upside impulses on the micro and is now testing an immediate resistance level. If it can break above the $2.22 resistance, then it’s likely going to carry into $2.4. This will ultimately allow XRP to move towards $2.85.
Similarly, another analyst marks that XRP is bullish as the RSI is not showing a top yet. She expects some short-term resistance soon at the $2.18 level and a back test at the $2.18 price level, ultimately turning it into support so XRP can eventually push to the $2.30 resistance next. Once these resistances break, it should be clear for XRP to reach the next wave target at $2.73 for Wave 3.
