Market analyst Ben Armstrong, popularly identified as BitBoy, shares two likely timelines for XRP to attain $4.50.
Following the XRP leap to surpass the $2 price level at the onset of December, the altcoin appears stuck in a range and unable to break above the $2.80 level. The XRP bulls failed to hold the altcoin above the $2.0 level, allowing it to revisit the 2021 peak at $1.90 briefly before a massive rebound to $2.61 on Dec. 9.
While the XRP bounced back to reclaim above $2.50, its persistence struggle was evident as it lost momentum. This left XRP in a slight dip within the $2.40, an outcome that has holders growing increasingly anxious. The XRP army hopes for a fresh catalyst to trigger XRP price movement.
The result has seen market analysts led by BitBoy convey optimism about how long the XRP holders will wait. Per BitBoy account, the XRP is set to usher breakout, suggesting it could surge to $4.50 by December 31.
BitBoy considers that failure in the ambitious price level playing out in the two weeks to 2025 leaves it likely for the XRP to clinch this milestone in January. The bold timeline has attracted attention and excitement among the XRP community. With XRP currently $2.40, the altcoin should experience an 87.5% upside to reach $4.50.
Critics Differ With Ambitious XRP Targets
Some crypto community members criticize the bullish outlook in the short term. The critics challenge the BitBoy prediction, citing the absence of technical data and chart analysis to support the ambitious claim.
One observer illustrated that XRP showed a double-top formation blend with a lower high. Based on this observation, he refutes BitBoy’s claim that XRP will break out soon.
The sentiment is gaining traction, with several observers hinting that exiting the XRP market is optimal when the altcoin is still profitable.
Bullish Support of XRP in Short-Term Action
The majority of analysts reiterate their bullish outlook for XRP with an emphasis on imminent rally reloading. They suggest that XRP shares in the bullish sentiment that floods the crypto community as witnessed last month.
Crypto analyst Ali Martinez supports BitBoy, indicating that XRP is soon bound to a $4.40 target. He dismisses the recent pause in the crypto bull run, adding that XRP ushers the fourth bullish pennant.
Martinez considers the previous instances when XRP leapt from $0.68 to $1.2. Although it encountered temporary correction, XRP surged to $1.50.
The analyst argues 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 shift where $4.40 is the likely target for XRP.
One proXRP analyst, pseudonymously identified as CryptoBull, illustrates that the XRP could surge to see the digital asset exchange hands at $5 by Dec. 20. The motivation for the ambitious timeline is the short timeframe that XRP took to leap from the $1 range at the end of November to set a seven-high peak at $2.87 in the onset of December.
XRP Next Bull Run to Make Holders Filthy Rich
Crypto analyst Steph entertains the bullish argument for XRP by suggesting that the holders could reap massive returns as the altcoin rediscovers its upward trajectory. In his technical analysis, Steph considers the next breakout as existing on the monthly chart to signal the pending upward trajectory towards $35 by next year.
Steph cites the recent 30% surge in the XRP price after it retested at $1.96 on Tuesday, which aligns with the neckline of W formation on the monthly chart. Steph considers upward movement by 1,300% is necessary to elevate the XRP to the $30 range next year.
Although not specific on the timeframe as BitBoy, Steph considers the path from $2.40 range to $35 will have holders of XRP valued at $1,000 explode to $14,000. Similarly, the $70,000 worth of XRP would translate to several millions.
Steph advises the XRP holders to watch out for opportunities to profit rather than wait till the predicted peak materializes. The analysts asserted that guarantees in crypto price surge hardly exist, though he added that XRP price at $35 is increasingly likely.
