Article:
A fresh technical analysis by market specialist Austin Hilton suggests that XRP could experience a dramatic price increase, reaching unprecedented heights. These optimistic forecasts emerge as XRP attains price levels not observed in the past seven years. The analysis details potential performance through the end of July and speculates on year-end targets.
XRP Aiming for $5 by Late July
In his recent video commentary on X (formerly Twitter), Hilton laid out his predictions for XRP’s trajectory in the coming weeks. He highlighted that the cryptocurrency’s price has accelerated significantly since surpassing the $3.5 mark earlier this week. Over the last 24 days, XRP has achieved a remarkable 77% increase, bolstering positive market sentiment.
With its robust price performance recently, Hilton notes that XRP is now less than 10% away from reclaiming its all-time high of $3.84, which was set nearly eight years ago. He stressed that the popular altcoin is outperforming expectations, with its price rising faster than anticipated.
With the bullish momentum showing no signs of slowing, the analyst predicts that XRP could reach $5 by the end of July. He attributes this potential rise to strong market liquidity, increasing demand, and sustained positive sentiment as the market enters a new phase.
Supporting his prediction, Hilton mentioned the recent surge in capital inflows into XRP. He noted that the cryptocurrency’s market value has climbed from approximately $140–$150 billion to over $207 billion in just one week. He credits this influx of capital to growing institutional interest and the Fear Of Missing Out (FOMO), spurring new market entries.
Year-End Projection Puts XRP on Path to $20
Looking ahead, Hilton has adjusted his end-of-year forecast, considering the sustained strength of XRP’s rally and improving market fundamentals. Initially, when XRP was trading in the $2 range, the analyst had set a conservative year-end target between $5 and $10, describing the lower end as particularly modest. However, with the altcoin now consistently above $3, he sees potential for significant growth in the coming months.
His revised outlook includes a baseline target of $10, which he now considers the lower end of his optimistic projections. On the upper end, he sees $15 as a feasible target, with a potential surge to $20 as a dramatic peak before the year concludes.
Various factors have been suggested as possible drivers for this positive outlook, including XRP’s rising market capitalization, the anticipated possibility of an XRP ETF, and the long-awaited resolution of the Ripple-SEC lawsuit. Hilton indicates that these elements are aligning to position XRP for a significant rally this year.
Featured image from Pexels, chart from TradingView
