Will XRP Price Reach $30? Analysts Share Bold Predictions

• Analysts predict a significant XRP price surge, despite current bearish trends.
• Ripple plans a major token dump, releasing 400 million tokens.

Crypto analysts expect a big rise for XRP despite the underwhelming price action of the cryptocurrency. Specifically, analyst DustyBC has predicted a “God candle” that would drive the price of XRP to previously unheard-of levels. This year is supposed to see this much awaited parabolic shift.

XRP Price to Rise to $30 Soon Enough 

In a chart he just posted on his X platform, crypto analyst DustyBC predicted that XRP would see a “God candle” that would drive its price to $30. This estimate indicates a price increase of the cryptocurrency token of roughly 4,000%. This sharp price rise is predicted to occur later this year, claims DustyBC.

DustyBC predicts that XRP will breakthrough after years of consolidation based on a symmetrical triangle pattern analysis. With the long consolidation time since 2017, DustyBC thinks a parabolic increase is possible. Another analyst, CasiTrades, also holds this upbeat opinion of XRP.

Completion of 2,245-Day Triangle

CasiTrades described XRP as offering what she calls a chance of a lifetime as it approaches the completion of its 2,245-day triangle in an X post. Before, she had suggested that if XRP emerged from the consolidation triangle, it might climb as high as $80.

CasiTrades recently claimed that a breakout is close after XRP had further consolidated over the previous few days.

Meanwhile, CoinMarketCap data shows that the price of XRP at the moment of writing is at $0,5277, up 1,48% from the previous day. But throughout the last seven days, the token has been trending bearish, down 0.18%.

Apart from that, CNF has already reported on Ripple’s intention to discharge 400 million tokens in the biggest monthly XRP dump since 2017.