A new XRP price prediction sees the native asset of Ripple rising to $22 during this bull market cycle and the analyst behind it has made a bold statement to back it.
Patrick L Riley, a veteran crypto investor, shared a chart where he sees the price of XRP rising by 7 times its current price at a point when the project is experiencing a significant number of tailwinds.
Riley emphasized that people who claim to be “in crypto” but do not invest in XRP are just “not serious” about their investments.
His prediction comes out as XRP (XRP) has booked year-to-date gains of 58.1%. Meanwhile, in the past 24 hours alone, Ripple’s utility token has experienced an 8% jump in trading volumes with more than $9 billion exchanging hands during this period.
XRP Price Prediction: Historical Patterns Confirm That $22 Is an Attainable Target
The daily chart shows how XRP has already experienced in the past the kind of explosive moves that Riley seems to be anticipating.
In November last year, the token rose from around $0.65 to $3.4 in just a couple of months as Ripple won its long-standing case against the U.S. Securities and Exchange Commission (SEC).
This significant jump came after XRP broke above a lengthy period of consolidation during which the price traded within a relatively tight range.
A similar thing occurred recently as the price moved above the $2.6 level and has now climbed above $3. This psychological threshold seems to be acting as support at the time and could be the launchpad from which the market propels XRP to uncharted territory.
Riley’s XRP price prediction could sound a bit optimistic, but the regulatory landscape and the project’s value proposition of becoming the world’s leading cross-border payments platform are ambitious enough to push the token to $22 and beyond.
That same sense of early conviction is now driving attention toward new opportunities in the presale market.
One standout is Maxi Doge (MAXI), a dog-themed meme coin designed to harness the explosive energy that often defines bull market cycles.
Maxi Doge (MAXI) Nears $1M Raised as Top Altcoins Rise to All-Time Highs
Maxi Doge (MAXI) will not be left behind. This market cycle is the one that will finally get him out of his mom’s basement.
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Click Here to Participate in the PresaleThe post XRP Price Prediction: Veteran Analyst Declares XRP a Must-Buy – Charts Point to Explosive Upside appeared first on Cryptonews.
