Analyst predicts XRP reaching all-time high in 120 days, warns of $1.35 as potential key risk
Cryptocurrency volatility has been a hot topic recently, with XRP attracting attention due to potential bullish and bearish scenarios. Analysts are divided on the asset’s future, with some predicting a new all-time high while others warn of a significant drop.
One notable analyst, EGRAG CRYPTO, has sparked excitement with a bold XRP price prediction. Drawing on historical chart patterns, EGRAG sees similarities between XRP’s past bull cycles in 2017 and 2021. Based on these patterns, EGRAG anticipates that XRP could hit a new all-time high within the next 90 to 120 days, projecting key resistance levels at $66.00, $70.00, and $76.31, with an ATH possibly reaching $96.19 by June or mid-to-late July 2025.
While EGRAG’s predictions are optimistic, not everyone shares the same view. Veteran trader Peter Brandt has highlighted a potential Head and Shoulders pattern forming on XRP’s chart, indicating a bearish scenario. Brandt warns that if XRP fails to stay above key support levels, a dip to $1.07 could be on the horizon. On-chain metrics also suggest weak investor demand, potentially leading to downward pressure on the price of XRP.
Despite the mixed sentiment among analysts, some remain bullish on XRP’s prospects. CryptoELITES maintains a $15 target for XRP, while Dark Defender envisions a surge to the $5.85-$8.07 range, with the possibility of reaching $18.22-$23.20 in the future. EGRAG CRYPTO also sees an inverse Head and Shoulders pattern forming, suggesting a breakout to $3.70-$3.90 in the short term, which contradicts Brandt’s cautionary outlook.
Looking beyond technical analysis, macroeconomic factors could sway XRP’s price trajectory. Regulatory changes and economic conditions, including global factors like U.S. tariff policies and inflation, could impact the cryptocurrency market. Ripple’s partnerships with major financial institutions, such as Bank of America, might also influence XRP’s future performance if adoption of Ripple’s technology gains traction.
The coming months will be crucial for XRP as it navigates the market’s ups and downs. Investors should keep a close eye on key support and resistance levels, as well as broader market trends. Whether XRP soars to new heights or faces a significant downturn, its narrative remains one of intrigue and uncertainty in the unpredictable world of cryptocurrency trading.
