The price of XRP, the native token of RippleNet, is stirring speculation after prominent crypto analysts offered conflicting outlooks. While both predict a potential surge, the conditions and reasoning behind their forecasts diverge significantly.

XRP Rally Hinges On $0.75 Hurdle, Analyst Says

CryptoInsightuk, a well-known analyst, believes XRP is on the cusp of a major rally, with an increase to $1.20 soon. However, his optimism hinges on a crucial technical indicator: a daily closing price above $0.75. This, he argues, would confirm a breakout from a 250-day accumulation phase, paving the way for a short-term surge.

Achieving this benchmark presents a challenge. XRP currently sits at $0.62, and hasn’t reached the $0.75 level since July 2023. A brief flirtation with the target earlier this month proved fleeting, with the price dropping back below $0.6.

$XRP update.

We are looking for a daily candle close above $0.75.

When we see this, it confirms a breakout above the range in which we have been accumulating for over 250 days.

This would suggest we should see a minimum expansion to $1.20.

Volume is picking up on the whole… pic.twitter.com/yhEVHvqPav

— Cryptoinsightuk (@Cryptoinsightuk) March 25, 2024

EGRAG Foresees Rally Based On Historical Patterns

Analyst EGRAG offers a different perspective, also predicting a $1.2 target for XRP in the short term. But instead of technical indicators, EGRAG draws inspiration from historical price movements. He identifies similarities between the current XRP chart and a past wave formation that preceded a significant price increase.

#XRP Wave 10 ( $1 – $1.2)

XRP