Analyst Predicts Ripple (XRP) to Reach $5 in Next 90 Days

• Renewed Optimism Surrounding Ripple (XRP) as Crypto Analyst Predicts Price Surge
• XRP To Reach $5 In 90 Days: Bear Market Bounce Vs Bull Market Bounce
• Will XRP Reach $5 in 90 Days?
• Ripple's Adoption and Future Prospects

Renewed Optimism Surrounding Ripple (XRP) as Crypto Analyst Predicts Price Surge

In 2024, Ripple's native cryptocurrency, XRP$0.620 -1.68%, has seen a resurgence of optimism. A highly-regarded crypto analyst has reignited bold predictions for XRP to return towards its all-time high, specifically aiming for a $5 benchmark within the next 90 days. A recent proclamation from crypto trader EGRAG Crypto reveals his prediction that XRP will surge into the $5 range over the coming three months. He believes this hypothetical move will initiate wave 1, triggering a prolonged bull run over a significant period. This assertion comes as XRP strongly trends upwards, showing a 9.2% increase over the previous 24 hours.

XRP To Reach $5 In 90 Days: Bear Market Bounce Vs Bull Market Bounce

In the forthcoming 90-day period, XRP is forecasted to surge into the $5 range, marking the first wave of a lengthy bull market expected to span several months. This projection comes amidst a lack of momentum for the Ripple token in recent years, primarily due to an ongoing SEC lawsuit alleging unregistered securities activities. Now beyond its 2022 lows, the predicted $5 range signifies a near 10x gain from the current price around $0.60.

Will XRP Reach $5 in 90 Days?

Despite these optimistic predictions, XRP's current price remains significantly below its January 2018 record of $3.84, more than 80% lower. Research firm Changelly suggests that a more realistic goal of $5 could be achieved by July 2029, dependent on fluctuating market conditions relating to Ripple's XRP.

Nonetheless, one potential catalyst could expedite price gains: an XRP exchange-traded fund (ETF). Considering XRP's increasing use for cross-border payments and liquidity management, its inclusion in an ETF could attract new institutional interest. Such a demand influx could drive prices substantially higher.

Ripple's Adoption and Future Prospects

Ripple continues to promote adoption among financial institutions and banks by leveraging its efficient blockchain technology. As Ripple begins to recover from its legal challenges, displaying momentum in both fundamentals and price, predictions for a return to previous highs are likely to amplify.

Edited by Jonathan Stoker