Analysts Predict XRP's Potential Surge: $2.80 to $3.50 Targets in Focus

TL;DR: Market analysts anticipate continued gains for XRP, with price projections ranging between $2.80 and $3.50 this July, while some speculate about a potential parabolic rally reminiscent of its 2017 performance. Despite the bullish sentiment, technical indicators suggest the possibility of a short-term correction before any sustained upward movement.

XRP has mirrored the broader cryptocurrency market recovery, recently climbing to nearly $2.30. This upward trajectory may also reflect optimism surrounding Ripple's application for a license with the U.S. Office of the Comptroller of the Currency (OCC), a key regulatory milestone.

Several analysts argue that XRP's rally still has room to grow. CRYPTOWZRD, a prominent X (formerly Twitter) analyst, described XRP's daily close as 'bullish,' identifying $2.80 as the next resistance level. 'Intraday charts showed significant volatility with strong bullish momentum. A confirmed break above $2.2550 could present another buying opportunity,' the analyst noted.

World of Charts suggests XRP has already completed its breakout and retest phase, projecting an imminent push toward $3, potentially followed by an ascent beyond $3.50 this month. Another analyst, Maxi, presents an even more optimistic scenario, suggesting XRP could replicate its historic 1,200% surge from 2017. While such a move would propel XRP to a record $30, achieving this would require a market capitalization exceeding $1.6 trillion—far beyond its current valuation. For context, only Bitcoin currently surpasses this mark, while Ethereum trails at $313 billion.

Technical indicators, however, signal caution. The Relative Strength Index (RSI), which measures price momentum, has approached 70—often indicating overbought conditions that may precede a correction. Investors should monitor these signals closely as XRP's next moves unfold.