XRP Price Surges To $2.6: Top Analysts Predict It May Never Drop Below $2 Again

The post XRP Price Surges To $2.6: Top Analysts Predict It May Never Drop Below $2 Again appeared first on Coinpedia Fintech News XRP has emerged as one of the strongest performers in the ongoing crypto bull market, with its market cap hitting the $149 billion mark. It ended November with an impressive 283% gain, the biggest monthly surge in seven years, reaching a high of $2.9. Now, experts believe XRP may never fall below $2 again as it sets its sights on $3 and a potential run to its all-time high. XRP Will Never Drop Below $2 In a recent tweet post renowned crypto analyst EGRAG believes XRP’s recent performance indicates a significant shift. After crossing the $2 mark, XRP rallied to $2.9 before stabilizing at $2.6. #XRP – $2: The Next Macro Support? ***************************************************** Alert: This is your wake-up call! You Might Not See #XRP Below $2 Again! ****************************************************** #XRP is just 29 days away from potentially… pic.twitter.com/LU3I9fkews — EGRAG CRYPTO (@egragcrypto) December 2, 2024 Amid the short-term corrections, the token has held firmly above $2, showing resilience in the face of market fluctuations. EGRAG predicts that the $2 level could now become a new macro support, replacing the previous $0.50 support level. This would mean that XRP has established a solid foundation for further growth, with the bulls likely to defend against any major pullbacks. EGRAG also hinted at a potential historic yearly candle close for XRP in 2024. With the token already up 313% this year, the analyst expects more upward momentum in December, driven by strong market sentiment. Analysts See Long-Term Potential Aligning with the EGRAG analysis Veteran market expert Raoul Pal even shared his bullish perspective on XRP, despite being a previous skeptic. He noted that XRP’s price chart is showcasing a massive wedge pattern that mirrors the structure seen before the 2017 bull run. You've got to admit, $XRP is a good looking chart. Last time it broke a long wedge pattern it rose another 5,600%! (obvs wont repeat but you get the point – i can go up a lot) Banana Zone Part 1 pic.twitter.com/MTs6fdJrT3 — Raoul Pal (@RaoulGMI) December 2, 2024 Back then, XRP experienced a staggering 5,600% surge after breaking out of the wedge, eventually hitting its all-time high of $3.31 in January 2018. Pal believes XRP could follow a similar path this time, though he tempered expectations by suggesting the growth might not be as explosive . Even so, the current breakout has sparked hope that XRP could soon reclaim its previous record and set new highs. XRP Eyeing Big Gains: $3 Next As XRP continues to gain traction, investors who bought in below $2 are celebrating their decision. However, XRP’s next key resistance is at $2.850 , breaking this level could push the price to $2.950 with potential targets of $3.00 and $3.150. The next major challenge for bulls might be $3.20. With market sentiment overwhelmingly bullish, the next few weeks could be crucial for XRP’s long-term prospects. However, this rally is just the beginning, as XRP strengthens its position in the crypto market.