XRP Reaches 20 USD Target: 2 Scenarios That Could Happen From Here

In a post on X, XForce stated that $20 remains the main cycle target for the price of XRP. He noted that this altcoin is still facing strong resistance levels at $4, but this does not change the overall bullish outlook at the macro level. The analyst then went on to mention that the continuation of the make a strong push wave and the continuation of the sideways 1-2 wave are two potential scenarios for this altcoin.

In another analysis, XForce provided an update on the macro trend of XRP prices, noting that there is still plenty of room for further bullish movement. He also stated that XRP is experiencing a bullish trend because smart money is currently accumulating this token, while others are concerned that this may be the peak of the market.

Based on the analysis of macro data, XForce acknowledges that the price of XRP is likely to decrease in the short term. However, he remarks that this does not change the implications of the macro data, indicating that there is still plenty of room for bullish movement. The analyst further stated that there are currently no signs indicating that XRP will experience a decrease of up to 60% to 70%, as seen in previous cycles.

Instead, he believes that the current price of XRP will serve as a foundation for the sudden bullish move of Wave 3. XForce also notes that XRP has had a long consolidation phase before starting the bullish rally, which makes the likelihood that it has peaked very low. The analyst then stated that his cautious target for this altcoin is between 10 and 20 dollars, while it could potentially reach 40 dollars if the bullish rally extends. XRP is about to make a strong push. In a post on X, cryptocurrency analyst CasiTrades noted that the price of XRP is about to make a strong push as it continues to maintain a consolidation pattern. She revealed that the price action is tightening up to the peak and there is not much time left before a major breakout occurs. Meanwhile, XRP has recently tested the bottom trend line of the consolidation and showed a strong reaction right from the top. CasiTrades notes that this further strengthens the consolidation pattern as no new lows have been created, and the macro counting and expansion indicators are still in effect. The analyst then mentions that the peak of the entire consolidation process is the support level .382 at $2.99. She adds that a strong breakout above $3.08 and a retest of that level as support will confirm the continuation of the bullish trend.