An analyst now shares an optimistic outlook for XRP, sighting a new key cheap entry point and expects it to rise higher even sooner.
Market commentator BarriC has shared an upbeat perspective on the future of XRP, suggesting that investors are likely to soon consider the $2 mark as a new “affordable entry point” for this cryptocurrency.
His insights come via a recent tweet, where he elaborated on ambitious price forecasts and the timelines for these anticipated changes.
XRP Expected to Reach $3 Sooner Than Anticipated
BarriC’s analysis indicates that XRP could achieve the $3 milestone more rapidly than many industry experts expect.
Historically, the $3 level has presented a significant resistance point for XRP.
Earlier in the month, the cryptocurrency made an attempt to break through this barrier, reaching $2.90 before retreating.
Since then, it has oscillated around the $1.90 mark on two occasions.
As of now, XRP is trading at approximately $2.24, which means that a climb to $3 would represent a relatively modest increase of about 38%.
Given this context, analysts like BarriC are optimistic that this target is within reach.
Forecast of $5 XRP by Early 2025
Looking further ahead, BarriC has projected that XRP will reach the $5 mark by early 2025.
This prediction aligns with a broader upward trend in digital assets, which has been drawing increased interest from both retail and institutional investors, especially noted in the market dynamics of November.
To reach the $5 target, XRP would need to experience a significant 130% increase from its current price.
Noteworthy is BarriC’s assertion that, while many traders might anticipate a price pullback when XRP hits $5, he believes the cryptocurrency will surge to $10 without experiencing a correction.
This mirrors the recent trend observed last month when XRP broke the $1 threshold for the first time in three years.
Despite widespread expectations of a retreat below $1, XRP continued its upward momentum, quickly reaching $2 as FOMO (fear of missing out) drove investor interest.
BarriC anticipates a similar pattern could unfold in the near future.
Viewing $2 XRP as a “Bargain” Investment
In a forward-looking scenario where XRP eventually trades in the double-digit range, BarriC posits that investors will likely reflect on the $2 price point as a missed opportunity.
He cautions those holding out for a further dip, suggesting they may regret not capitalizing on the current pricing levels once they begin to rise.
According to BarriC, by the end of 2025, XRP could potentially be trading anywhere between $15 and $20.
In this scenario, the $2 price will seem remarkably cheap in hindsight.
He also acknowledges the possibility that XRP could surpass these projections, particularly during the fervor of a bull market next year.
Anticipating Explosive Price Movements
As the year comes to a close, BarriC indicates that significant price movements for XRP could commence within the next three weeks.
His analysis suggests that this period might serve as a pivotal moment for investors looking to enter the market.
BarriC’s predictions paint a picture of optimism for XRP, with potential price increases that could redefine market perceptions and investment strategies in the coming months.
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Also Read: XRP’S Drop Now Sparks Optimism
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