Other Analysts Eyeing the $6 to $8 Range

Besides Mr. Xoom, other market commentators have also projected a possible XRP rally to the $6 to $8 range. However, the timeline has not been consistent. For instance, last December, when XRP still lingered around the $2.5 region, analyst EGRAG Crypto predicted a possible run to a target between $6 and $8.

In his analysis, EGRAG identified the $2 as a good entry point, urging investors to procure XRP if it dropped to that mark. Since then, XRP has rallied to $3.4 and subsequently fallen to $2. This month, it has recovered above the $2 mark, presenting profits for those who listened. EGRAG suggested that a rally beyond $3.8 could set the stage for an early run to $6-$8.

Meanwhile, Casi, another experienced analyst, revealed last month that she’s expecting XRP to reach a minimum target of $6.5 in July. Nonetheless, the market watcher also hinted at the possibility of an extensive run to $8. 

With XRP already correcting the gains from the previous weeks, these targets seem challenging to reach over the next six days. Despite the correction, with a 14% drop in 24 hours, XRP has held above $3, currently changing hands at $3.05. 

Notably, if it can maintain the support at the pivotal $3 mark until the pullback ends, the ensuing recovery could finally push it above $4. Such a development may set the stage for a more extended run into the $6 to $8 range. However, it remains to be seen when this would occur.

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