The future appears bright for the cryptocurrency Ripple (XRP), with renowned crypto analyst Alan Santana predicting the asset could surge between 85% to as much as 120% within the first two quarters of 2024. This forecast comes even amidst recent pricing corrections for XRP.
Santana shared his in-depth analysis on social platform X and charting site TradingView, noting Ripple’s bullish long-term outlook. He sees two potential rally pathways depending on where eventual price corrections bottom out—a drop to $0.43 could precede a 120% breakout over the next 6 months as funds flood back into XRP, while a higher support level of $0.51 would still generate an 85% jump.
The exciting projections are grounded in Ripple’s resilience and accelerating adoption so far, despite ongoing legal headwinds. Ripple recently claimed a major victory against the SEC to avoid classification as a security token, which reinvigorated interest in XRP. Data also shows its transactions exceeding 1.5 million, demonstrating real-world usage. Meanwhile, CoinShares reported combined inflows of $4 million for Ripple and Solana, confirming renewed investor appetite.
Between conquering regulatory uncertainty, expanding its payments network reach, and enjoying returning inflows, Ripple seems poised to capitalize on these tailwinds. Santana believes the downside from short-term selling pressure remains limited, with strong support levels keeping any correction in check before the next wave of FOMO sparks a potential surge as high as 120% by mid-2024.
In Santana’s analysis, Ripple’s bullish structure remains intact with room to stage an epic 85-120% price melt-up within six months. Considering its recent wins and network growth, the stage seems set for XRP to post outsized returns as it continues gaining broader validator and investor support.
