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XRP Set To Explode? Analyst Sees $5 Surge Any Moment – Details


Redator

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Based on reports, the altcoin market is heating up again and XRP is back in focus. Prices have climbed steadily, and some traders think a fresh wave of buying could push XRP far above current levels. The move in Ethereum and BNB has set the stage. Now everyone is watching whether XRP can follow.

Tight Range Could Fuel Breakout

According to analyst Zach Rector, XRP has been trading in a narrow band just above $3.00. It recently sat around $3.15, giving it room to spring higher. Rector points out that a push above $3.25 could send XRP into the $4–$5 range “any day now.”

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That jump would be about a 50% gain from today’s price. He even marks out a window from August 23 to September 7 for a bigger run toward $7 or higher.

Ethereum’s surge is helping set the tone. Its price has climbed to about $3,940 while the market cap hit nearly $500 billion. BNB also made a splash, topping $850 for the first time. Those moves often drag other coins upward, and many believe XRP is next in line.

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Fibonacci Projections

Based on weekly charts shared by Tony Edward of the Thinking Crypto Podcast, XRP has clear Fibonacci levels ahead. His targets range from $4.5 to $9.1. Those marks match up with Rector’s range, lending more weight to the idea that XRP is setting up for a big move. If XRP follows those lines, each level could act as a stepping stone.

While Fibonacci is just one method, its overlap with Rector’s targets creates a story that traders can follow. It gives them clear numbers to watch and simple goals to aim for as the market moves.

Anything Can Happen

Other market observers take a different take. They look back at XRP’s past rallies and figures current cycles could average out to about $20 per coin. In 2017, XRP rose a whopping 2,500%, which would imply a $30 peak today. In 2021 the altcoin jumped 500%, pointing to $7.70 as we speak. By averaging those two, a $20 target for this season could be on their crosshair.

Even with bullish charts, risks are still there. Regulatory news around Ripple and the SEC can send prices tumbling overnight. If Bitcoin cools off or global markets turn sour, altcoins like XRP could get hit hard. Big holders also have power. If they decide to sell into strength, any rally could stall quickly.

Featured image from Unsplash, chart from TradingView

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