The value of the XRP cryptocurrency may increase by 1200%

Analysts predict a significant increase in the value of the XRP cryptocurrency, which could reach 1200%. This can happen after the key Fibonacci levels are overcome.

Cryptocurrency analyst Egrag Crypto notes that XRP could rise to $ 6.4 per coin if it overcomes the Fibonacci level of 0.5 at around $ 1. This prediction is based on the analysis of monthly candles and Fibonacci levels, which indicate a potential breakout.

Currently, XRP is trading below $ 0.50, but analysts believe that the token is in a consolidation phase. They expect the value to rise significantly after breaking the $ 1 level with sufficient strength. This means a possible jump in value of more than 1200% from the current price.

The projected growth will be welcomed among the XRP community, especially amid questions about the token’s long-term sustainability. Despite the fact that XRP lags behind cryptocurrencies such as bitcoin and ethereum, most analysts believe that the token has the potential to recover once the current problems are resolved. In particular, legal disputes between Ripple and the US Securities and Exchange Commission (SEC).

Other analysts also note possible targets for XRP in the short term, including the $ 0.73 level if the token can maintain support above $ 0.46. In general, the litigation between Ripple and the SEC remains a key factor that will determine whether the asset will be able to break out of the current consolidation.