XRP, in contrast to the general trend in the crypto market during the recent bull run, continues to be a top choice for investors. Its popularity has been increasing due to the imminent conclusion of the Ripple legal battle with the United States Securities and Exchange Commission (SEC). This has led to various forecasts for the XRP price, with many analysts predicting that the altcoin is on track to reach a new all-time high and create new millionaires.
XRP Gearing Up For Generational Run
Among the crypto analysts sharing bullish predictions for the XRP price, pseudonymous analyst MetaShackle stands out. In an analysis posted on the TradingView website, the analyst believes that XRP has the potential to generate generational wealth for investors.
The analysis titled “XRP Roadmap To Generational Wealth” outlines a path for XRP to surpass $1 and climb higher. The first significant event in this roadmap is anticipated to occur in September 2024. The analyst expects the XRP price to reach its low in the first two weeks of the month, specifically between September 9 and 15, 2024, leading to a subsequent price surge.
Following this, the analyst foresees a significant bull run for the altcoin’s price, with a prediction that it could reach triple digits. The peak of this rally is projected to reach $275, marking an almost 50,000% increase from its current value, expected in 2025 with a peak anticipated between October 6 and 12, 2025.
The roadmap extends four years from this point, predicting another bear market before the XRP price is poised to hit another all-time high. The price is expected to peak above $350 between November 27 and December 3, 2028, indicating a price increase of over 70,000% in less than five years.
While the roadmap to success for XRP is still distant, investors are eagerly awaiting the resolution of the Ripple vs. SEC lawsuit as an initial sign of positivity for the price. The legal battle is ongoing as the SEC has appealed the court’s ruling of a $125 million fine for Ripple. Despite this, Ripple CEO Brad Garlinghouse has expressed confidence that the legal battle will conclude this year.
