XRP Price Prediction: Random Crypto Pal Says Explosion Is Coming as On-Chain Metrics Turn Bullish

Crypto analyst Random Crypto Pal has predicted that the XRP price is finally ready for a breakout, just as on-chain metrics turn bullish.

Crypto analyst Random Crypto Pal has predicted that the XRP price is finally set to break out, just as on-chain metrics turn bullish. With a breakout on the horizon, the analyst also provided insights into price targets that XRP could hit as it moves to the upside.

XRP Price Ready For A Breakout

Random Crypto Pal predicted in a recent post that the XRP price was ready for a breakout while sharing an image of the XRP monthly chart. He noted that an “explosion is coming,” indicating that the price rally will be parabolic. The analyst made this claim while noting that XRP has recorded a perfect retest of both trend lines.

The accompanying chart showed that the XRP price could rise to as high as its current ATH of $3.84 when it records this price breakout. XRP has consolidated for about seven years since 2018, when it reached its current ATH. Since then, the XRP community has eagerly anticipated a price breakout, which never came in the 2021 bull run.

However, this time looks different, considering that XRP has finally gained legal clarity and a non-security status in the long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC).

But XRP price breakout is largely dependent on the SEC vs Ripple case. If the SEC wins and XRP is classified as a security, then the price will likely crash?. But if Ripple wins and XRP is not classified as a security, then the price could rally massively↗️.

Moreover, on-chain metrics have turned bullish and support an XRP price breakout. The active addresses on the XRP Ledger (XRPL) have hit a six-month high, indicating renewed interest in the coin among crypto investors. New investors are also flocking into the XRP ecosystem, as new addresses on the network have surged by over 10%.

Daily transactions on the network are also on the rise, which shows that investors are actively trading using XRP. Hence, these bullish on-chain metrics could also contribute to the XRP rally, which Random Crypto Pal predicts is on the horizon.

Price Could Reach Triple Digits

Crypto analyst Javon Marks has once again asserted that the XRP price could reach triple digits when this price breakout finally occurs. In a recent post, the analyst used the historical price gains that XRP recorded in the 2017 bull run to demonstrate why the coin could reach $200.

His accompanying chart showed that the XRP price could enjoy a price breakout by year-end and a massive rally that will last until year-end 2025, around when the crypto will hit $200. Notably, crypto analyst Dark Defender also echoed a similar sentiment when he revealed in a recent post that the XRP bull run will last from November 2024 to November 2025.

Meanwhile, Javon Marks noted the similarities between the current XRP price action and that of 2017 are “major.” He noted that this time around is bigger, which means that the result of the price breakout could be greater than the one witnessed in the 2017 bull run.

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