• Top market analyst CoinKid is bullish on XRP and comes with a massive prediction of $3.74.
• This call is conservative compared to an earlier target set by Wells Fargo staff, Shannon Thorp.

A recent price prediction by renowned cryptocurrency analyst CoinKid suggests that XRP may be headed back above the $3 price level. Looking at CoinKid’s analysis of XRP’s six-month chart, one would notice an ascending triangle pattern which indicates a potential 430.6% price increase within six months. If his prediction is correct and XRP price surge this much, this could see XRP rallying to $3.74.

Oftentimes, an ascending triangle chart pattern is used by technical analysts to predict price movements. It comprises a horizontal line connecting the price’s high points and another rising line connecting the low points, thus forming a triangle. The ascending triangle usually indicates a potential price movement and though this is called an ascending triangle, it is worth noting that the price breakout could be either upward or downward.

The mechanism behind the forecast derived from the triangle is that it follows a continuation pattern in the sense that the price will likely continue in the same direction as the trend preceding the triangle’s formation. Based on CoinKid’s present analysis of the ascending triangle pattern, XRP is up for bullish moment per the technical indications.

His stance also further capitalizes on the federal judge’s recent ruling that XRP is not security.

Following the ruling which came mid-month in July, the price of XRP exploded by more than 30%, reaching $0.59. A few hours later, XRP had registered a solid 70% price rally trading at $0.78 and added a massive $21.2 billion to its market capitalization taking it to the Year-to-Date high of $46.1 billion.

This federal court ruling is expected to trigger more positive sentiment for the XRP token in the next couple of years.

More Metrics Point at a Potential Bull Run For XRP

Again, the analyst pointed to the presence of a potential double bottom on the 6-month chart which further establishes the possible bullish stance of XRP.

Usually, a double bottom indicates a bullish reversal, meaning that XRP might have found solid support and is heading toward a new high in the short term. CoinKid expects a more substantial price surge in 2025 than the $0.827 that was predicted, he expects the cryptocurrency to reach $3.74 and this prediction has sparked mixed reactions from members of the XRP community.

Similarly, Shannon Thorp, a Business Support Manager at Wells Fargo recently predicted a bogus price surge for XRP. Thorp believes that the coin can reach a price range of between $100 and $500. In her opinion, this bull run is expected between the next two to seven months. She also made her prediction on the basis that XRP is a more efficient gateway for cross-border settlements with potential for massive embrace.

Both predictions seem promising, it is however worth remembering that the crypto ecosystem is highly volatile, and is subject to many other factors that are capable of influencing the prices of tokens. Hence, crypto prices can fluctuate sideways, leading to either profits or losses.

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