Will XRP Hit $3 in the Short Term and Head for a $5 Breakout? Cryptocurrency Poised for 6-Year High

The price of XRP Will Ripple hit $3 in the near term and head towards a $5 breakout? A renowned cryptocurrency analyst noted in a recent technical analysis that Ripple’s native token is poised to hit a six-year price record.

The expert known as Credible Crypto highlighted his analysis, on December 7, on XRP in its pair with Ethereum (XRP/ETH). The analysis suggested that its initial target for the XRP/ETH pair would take the price of XRP/USD to a zone visited during its all-time high in January 2018.

The expert compared the price targets, suggesting another 98% upside to go against Ethereum before hitting the first target on the XRP/ETH pair. In this scenario, at current ETH prices, this would put XRP at over $5.

“$XRP is up over 90% against $ETH since I said it is likely to start seeing major outperformance against $ETH and $BTC just over 2 weeks ago. We still have another ~98% upside to go against $ETH before my first major target on the XRP/ETH pair is hit. At current $ETH prices ($4000), that would put $XRP at over $5.”

Highlighting the short-term in his forecast, the analyst highlighted a recovery for a roughly 30% move to the upside, suggesting an XRP breakout above $3 for the first time in over six years.

“In the immediate short term, looking for a recovery from this LTF range for a ~30% move to the upside, which should put us above $3 for the first time in over 6 years,” complemented .

Source: TradingView/

In another analysis , Credible Crypto expressed his optimism about the future rise of the token. “$XRP turning haters into lovers. Many people will jump on the bandwagon as we break new ATHs, some 1500+% below the lows. When we break double digits, remember those who were bullish at those lows instead of asking for zero to capitalize on the bearish sentiment like many were at the time.”

The cryptocurrency XRP has seen significant growth recently, reaching new price milestones by breaking the $1 and $2 levels. The move was closely followed by massive whale activity. In a rally of high After an impressive run last month, XRP has hit considerable milestones, rising by 342% in the last 30 days alone.

At the time of publication, the price of XRP is trading at $2,43, down 5% in the last 24 hours. The highest price paid for XRP (XRP) was $3,40, which was recorded on January 7, 2018 (almost 7 years ago). In comparison, the current price is 28,59% lower than the all-time high.