Renowned crypto analyst Charting Guy has presented a detailed bullish Ripple (XRP) forecast. In a recent X post, the analyst revealed his bullish outlook, identifying green Fibonacci retracement levels as his top targets for XRP in this market cycle.
The key targets include $8.29, $13.38, and $26.63, suggesting a notable price increase for XRP. The analyst projects these targets to be achieved between February and May 2025, indicating a potentially price increase for XRP. This projection has garnered interest and speculation among investors and traders, who now closely monitor XRP’s market movements.
Adding to the intrigue, Whale Alert, a leading blockchain tracking and analytical platform, has reported several significant XRP transactions around 100 million XRP. These large-scale movements hint at strategic maneuvers by major players in the crypto market, possibly positioning themselves for the anticipated price rise.
In a notable transaction, Whale Alert recorded the transfer of 26,420,000 XRP, valued at approximately $15,029,708, from an unknown wallet to the Bitstamp exchange. Another significant transfer reported by Whale Alert involved 28,800,000 XRP, worth around $16,385,373, moving from an unknown wallet to the Bitso exchange.
Whale Alert also highlighted the transfer of 22,000,000 XRP, valued at about $12,088,277, from the Upbit exchange to an unknown wallet. Additionally, it reported the movement of 24,851,785 XRP, worth approximately $13,773,262, from Binance to an unknown wallet. The pattern of these significant transfers suggests a dynamic and potentially bullish phase for XRP.
XRP’s Golden Cross Signals A Breakout to $20; Analysts Say
These transactions and Charting Guy’s bullish forecast have created a sense of anticipation within the XRP community. Investors and traders are now keenly observing the market, eager to see if these developments will lead to sustained growth for XRP. As the cryptocurrency market evolves, the period leading up to mid-2025 could be pivotal for XRP.
