Analyst Says XRP Price Poised for Breakout as Metrics Turn Bullish, What to Expect – TradingView News

Crypto analyst Random Crypto Pal has predicted that XRP price is finally poised for a breakout just as on-chain metrics turn bullish. With a breakout imminent, the analyst also provided insights into the price targets XRP could reach on its upward move.

XRP price poised for a breakout

Random Crypto Pal predicted that XRP price was poised for a breakout in an X post while sharing an image of the XRP monthly chart. He noted that an “explosion is imminent,” suggesting that the price rally will be parabolic. The analyst made this claim, noting that XRP recorded a perfect retest of both trendlines.

The accompanying chart shows that XRP price could rise to its current ATH of $3.84 if this price breakout is recorded. XRP has been consolidating for about seven years since 2018 when it reached its current ATH. Since then, the XRP community has been eagerly awaiting a price breakout that never happened in the 2021 bull market.

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

Meanwhile, on-chain metrics have turned bullish and support an XRP price breakout. Active addresses on the XRP Ledger (XRPL) have reached a six-month high, indicating renewed interest in the coin among crypto investors. New investors are also flocking to the XRP ecosystem as the number of new addresses on the network increased by over 10%.

Daily transactions on the network are also increasing, showing that investors are actively trading XRP. Therefore, these bullish on-chain metrics could also contribute to the XRP rally that is on the horizon according to Random Crypto Pal.

The price could be three figures

Crypto analyst Javon Marks has reiterated that the XRP price could reach triple digits when this price breakout finally occurs. In a post on

Its accompanying chart showed that XRP price could see a price breakout by the end of the year and a massive rally that will last until the end of 2025, around when the cryptocurrency will reach $200. Interestingly, crypto analyst Dark Defender also expressed a similar opinion when he revealed in an X post that the XRP bull market will last from November 2024 to November 2025.

Meanwhile, Javon Marks pointed out that the similarities between the current XRP price performance and that of 2017 are “huge.” He noted that this time the price is larger, meaning the result of the price breakout could be larger than what was seen in the 2017 bull run.