Analyst’s Shocking Prediction: XRP Could Reach $73?

Jakarta, Pintu News – A technical analysis conducted by Sistine Research recently ranked Ripple (XRP) as the best performing coin post-US elections on November 5, 2024.

In a live broadcast on their YouTube channel, analyst Forrest pointed out that XRP has the potential to reach prices of up to $73. This analysis is based on the current chart structure and historical analogies that if it continues to follow the same pattern, could push the price of this token to levels never seen before.

Post-Election Performance Analysis

Forrest began by highlighting that Ripple (XRP) was the best performing coin since the election, based on a four-hour performance chart comparing major cryptocurrencies, selected altcoins, metals, and equities. Ripple (XRP) was rated as the most robust asset on the analyst’s watchlist. Other coins such as HBAR and Stellar (XLM) only started to show improvement after Ripple (XRP) started its positive trend.

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Pricing Structure and Potential

Forrest revealed that Ripple’s (XRP) price structure shows a “seven-year flag and breakout” seen on the monthly time frame. This pattern includes a long consolidation after the 2017 bull market and a five-month bullish flag formed this year. The analyst is very optimistic about this rare pattern, which shows upside potential without a significant retracement. According to him, if the price can break above $3.00-$3.30, it will trigger more momentum traders to enter, which could push the price to be very bullish.

Projections and Cancellation Scenarios

While Forrest admits that the $73 price target sounds unreasonable with the current price at around $2.28, he emphasizes that similar rises have occurred in previous crypto super cycles. In 2017, Ripple (XRP) rose about 1,400% from its breakout flag. However, he also underlined a scenario that could invalidate this bullish thesis, namely if the price falls below the current trading range of $1.80-$1.90, which could delay the upside resolution.

High Hopes on Ripple (XRP)

With the support of strong technical analysis and favorable seasonal factors, Sistine Research remains optimistic about Ripple’s (XRP) prospects. While there are some possible obstacles, such as broader liquidity conditions and regulatory milestones, the analyst team remains confident that the phase of Ripple (XRP)’s price rise has already begun. Only time will tell if Ripple (XRP) can repeat its success as in 2017.

Also Read: Crypto Market Optimism: Can Optimism (OP) Break $0.72?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Could Hit $73: Research Firm Bullish Outlook. Accessed on June 12, 2025
• Featured Image: FXL Leaders