XRP Eyes Bullish Rally: Analysts Predict Surge Past $4, Potentially Reaching $6

Despite current market struggles, XRP is generating significant buzz among analysts who foresee a substantial price increase in the near future. The recent launch of XRP Exchange-Traded Funds (ETFs) is cited as a key catalyst, fueling predictions that the digital asset could not only surpass its 2018 peak of $3.84 but also potentially climb above the $4 mark, with some targeting as high as $6.

Why XRP Could Break Through the $4 Barrier

Crypto analyst XForce Global, with a notable following on X, has presented an optimistic outlook for XRP, challenging the prevailing belief that the cryptocurrency's Elliot Wave Theory cycle has concluded. According to XForce Global, previous analyses might have overlooked market inefficiencies, obscuring a clearer view of XRP's true potential. Their updated analysis suggests a bullish continuation, where XRP could establish support above $1.87 before embarking on an upward trajectory, pushing its price beyond $4 and possibly reaching $5. Even in a scenario of further short-term dips, a similar expansive bullish trend is anticipated if support holds above $1.6, potentially propelling XRP towards $6.

ETF Momentum Building Towards Price Explosion

A major factor underpinning these ambitious price predictions is the introduction of XRP ETFs. With more than three XRP ETFs now actively trading in the U.S. market, analysts like Chad Steingraber highlight a discernible pattern: XRP's price tends to tick up during ETF trading hours, then sees minor declines outside of them. This cyclical behavior, Steingraber explains, is indicative of accumulating pressure and momentum. This sustained accumulation is expected to culminate in a significant price explosion over the coming months, which could very well drive XRP to unprecedented new peaks, firmly establishing it above the $4 threshold this cycle.