Analysts Predict Ripple’s XRP Price to Rise Sharply, Targeting Range of $1 to $6

According to CryptoPotato, despite the recent slight increase in XRP price, analysts predict that XRP price will rise significantly due to the bullish market cycle and the upcoming Bitcoin halving, with a target range of $1 to $6. Additionally, the outcome of Ripple’s ongoing legal proceedings with the U.S. Securities and Exchange Commission (SEC) will also impact the asset’s price. Currently, Ripple XRP price is consolidating between $0.62-$0.63, with its monthly gains smaller compared to other major cryptocurrencies. However, many analysts are unfazed, predicting that the asset is about to experience a price explosion. For example, X user Mikybull Crypto believes that XRP “is backtested and is gearing up for an explosive rise.” The trader stated that the next target range for the coin is $1 to $6. Financial expert and investor Vandell AlJaraah also stated that XRP holders should not sell their assets now because “we are at the beginning of a bullish cycle, the altcoin season has not yet reached its peak, and the Bitcoin halving is still ahead.” “Understand Market cycles are critical for informed investment decisions. We haven’t even started yet. The peak will be between 2024 and 2025,” he added. The upcoming halving is expected to occur in less than a month.