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A notable analyst is stirring excitement among XRP holders with an audacious prediction that promises life-changing gains for investors.
The analyst behind the forecast, known as Crypto Beast, argues that XRP is about to “explode,” with a minimum breakout price target of $8. According to him, most of the market has yet to price in XRP’s regulatory clarity fully.
XRP Legal Clarity Still Not Priced In
In his commentary, Crypto Beast emphasized that the market has overlooked one of the most crucial turning points in XRP’s journey: the fact that the U.S. SEC no longer classifies it as a security. Notably, this distinction gives XRP a regulatory edge over many other crypto assets.
For context, XRP secured its regulatory clarity in July 2023 following Judge Analisa Torres’ ruling in the Ripple case. However, the verdict initially had little long-term impact on price, as XRP briefly surged from $0.48 to $0.93, only to return to previous levels a few weeks later.
Later, the coin saw a more sustained price boost due to Donald Trump’s re-election and the subsequent change in SEC leadership. These developments helped XRP establish a new trading range around $2.
Despite these changes, Crypto Beast believes XRP’s favorable regulatory status remains largely unpriced. He suggests that XRP could experience a steep and rapid price surge once the broader market recognizes this.
Supporting Technical Foundation
Backing his fundamental outlook is a technical chart showing XRP in a classic bull flag formation. This structure includes a strong rally (the flagpole) followed by a prolonged consolidation phase within a downward-sloping channel (the flag).
Notably, the flagpole formed during XRP’s move from the $0.40 range to $3.40. The flag represents the retracement pattern XRP followed as it re-entered the $3 range and pulled back to around $2 to establish a new base.
Now, this analyst, along with many others, is calling a bottom for XRP. They assert that XRP is set for its next major leg up.
Price Outlook for XRP
According to Crypto Beast’s analysis, the projected move based on the flagpole extension sets a technical target as high as $10.69. His chart places the initial breakout level around $3.37, with the upper extension derived from Fibonacci analysis.
XRP is currently trading around $2.20 after a 2.2% daily loss.
In a separate commentary, Crypto Beast reiterated his call for a 4x upside from current levels, implying a price of approximately $8.80. He emphasized this as the minimum price target in his bold forecast.
At these price levels, XRP’s total market cap would exceed half a trillion dollars, placing it alongside global tech and financial giants like Oracle, Netflix, and Mastercard.
Given his conviction, the analyst boldly asserted that XRP holders are about to “print.”
To put this into perspective, someone holding 1,000 XRP currently worth around $2,200 could see their holdings rise to $10,000 under Crypto Beast’s outlook.
While he believes current conditions offer substantial upside, he stated he will publicly share when it’s time to exit the trade.
Momentum Building Across Altcoins
This bullish stance on XRP accompanies his forecasts for the broader altcoin market. He has called for a 3x rally for Solana, a 2x move for Ethereum, and a 5x increase for SUI.
Interestingly, he also called for 40x returns on select coins. These projections would mark new all-time highs for these assets, offering significant rewards for holders across various investment levels.