Crypto Analyst Predicts More Upsurge For XRP, Targets $5 in the Initial Phase

A cryptocurrency analyst on X predicts more upside movement for XRP after the banking token’s impressive rally over the past few weeks. The analyst boasted about the accuracy of his crypto market prediction, citing a previous post when he said XRP would outperform ETH and BTC.

On November 21, the analyst predicted XRP would make a new all-time high quicker than most users expected. He highlighted the cryptocurrency’s performance, noting the retest of a four-year long range. He also projected XRP’s initial target to be over 250% from the November 21 price.

In the meantime, XRP has gained 170% after the crypto analyst’s prediction, outperforming Bitcoin and Ethereum. The analyst believes there is still more momentum remaining in XRP’s rally. According to the analyst, the cryptocurrency’s price will rise by another 98% before meeting the initial target. In price terms, that puts his target for XRP in the first prediction phase at over $5.

In the meantime, XRP reached a $2.91 high during the recent surge. The analyst believes the cryptocurrency would push for an approximately 30% surge to reclaim a long-term forecast range. This move would push the XRP above $3 for the first time in over six years.

XRP found renewed bullish momentum after Donald Trump defeated Kamala Harris in the recent U.S. presidential election. Trump’s victory generated bullish sentiment across the crypto industry. Most crypto users believe XRP and Ripple, its parent company, potentially became some of the biggest beneficiaries of the situation.

It is worth noting that the incoming president promised a more friendly crypto regulation and has followed up by nominating pro-crypto personalities into critical government positions. Most crypto community members expect the new government to end Ripple’s protracted court case with the SEC, allowing the blockchain banking project to express its full potential.