XRP Price Teleport To $6: What Happens When The Euphoric Phase Begin

Ben Graham · Outubro 23

The recent market recovery has seen the XRP price look to break the $2.5 level again, which could lead to a continuation of the uptrend. While all eyes remain on the $3 level to be reclaimed right now, bullish expectations abound for the altcoin. The XRP price, despite suffering recent crashes, is expected to reach new all-time highs, beating the $3.8 peak that has been persistent for over seven years now.

What Happens If The XRP Price Regains Momentum

Pseudonymous crypto analyst, “Guy on the Earth”, has shared an analysis of the XRP price that shows the possibilities that lie ahead for the cryptocurrency. So far, the altcoin has continued to consolidate after its rally back in 2024. With almost a year stuck in a consolidation trend and the market picking up, it is possible that the XRP price is finally ready for a breakout.

One thing that stands out from here is the fact that the XRP price has continued to maintain higher lows through the consolidation trend. This suggests that while the direction may have been down, the overall sentiment still pointed to possible recovery and upside.

Given this, it is expected that the breakout from the consolidation phase would be massive. This could be akin to what was experienced back in November 2024, when the XRP price rallied by over 600% before reaching a top.

The analyst expects XRP to enter into what is essentially a “euphoric phase,” and the price is expected to reach $6. This would translate to an over 100% increase in price, and brand new all-time highs for the first time since 2018.

The Bears Are Still Lurking

While most indicators are still pointing toward bullishness, there is still the possibility that bears reclaim control once again. The main problem would arise if the XRP price were to fall below $2, setting the tone for the next wave of declines.

The crypto analyst highlights that a decline below $2 would mean that the bull rally is over and the bear market is looming into view. In the worst-case scenario, the XRP price would fall into a longer consolidation trend, pushing it as low as $1.

Presently, it is important for the XRP price to clear $3 with momentum, putting the bulls in charge. Also, if the Bitcoin price continues to rise, then it could take the whole market into another bull run.