bullish

Gary

Well-known crypto analysts CasiTrades believe that Ripple's token <a href="https://yellow.com/asset/xrp">XRP</a> could be headed to the $8-$13 target, a massive rally from the current price if it <a href="https://timestabloid.com/analyst-8-13-xrp-price-target-is-not-too-far-from-here/">goes past </a>its 2021 peak. 
The analyst has provided a comprehensive assessment of the digital asset’s future potential based on its current positioning. He forecasts that XRP would enter double-digit price territory as the near-term price trajectory indicated a considerable surge. 
At present, the altcoin is displaying incredible price resilience after it crossed the $1 resistance level, the first time it has happened in 3 years. This has grabbed the attention of crypto traders and investors who are now trying to position themselves as per the future growth potential of XRP. 
Although XRP reached the $1.26 mark due to the initial spike in price, it later went down to $1.10. This 3.72% daily price decline happened because of a pullback. However, the altcoin is <a href="https://yellow.com/news/xrp-surges-5-as-sec-chair-gensler-announces-departure-plans">surging again</a> following the SEC’s Gary Gensler’s January step-down news. 
Using sophisticated technical indicators, CasiTrades has mapped the XRP price movements which led to him identifying critical support zones as per the Fibonacci retracement levels. These support zones would serve as important trading points for crypto investors looking to make a profit from their XRP holdings. 
The 0.382 Fibonacci retracement level shows a support level at $0.98 which the altcoin has already crossed. In case the market goes down further XRP would seek the second support level of $0.88 located at the 0.5 Fibonacci level. Together they will keep the altcoin from dipping further if the pullback continues. 
The support levels are established from the ABC correction mechanism which usually happens after a major price rally as seen by XRP recently. Consolidation periods like this are essential for the upward trend to continue as it strengthens the bullish market. 
As per the RSI of XRP, the altcoin is displaying a robust momentum with no immediate bearish divergences which means that there is an underlying strength. However, the altcoin might encounter a brief corrective phase before it surges again as per the shorter-term timeframe analysis. 
The XRP future prospect is optimistic despite short-term fluctuations as seen from CasiTrades $8 to $13 price prediction. This marks a substantial gain from the current price level. 
Crypto expert Peter Brandt also added to this XRP forecast with his positive outlook as he highlighted how the altcoin crossed the $0.93 peak set in 2023. According to Brandt XRP will rally further if it overcomes the $1.96 peak set in 2021. 
At the time of writing on November 22, XRP was up more than 24% in the last 24 hours to trade at $1.40 with 154.18% trading volume gain to reach $17.78 billion and the market cap rose to $79.80 billion.

Ripple's XRP Could Surge To $8-$13 After Crossing Its 2021 Peak

Yellow News

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