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Analyst Says XRP Is Still Going to the Moon After It’s Done Testing All Your Patience

thecryptobasic.com

5 hour ago

Analyst Says XRP Is Still Going to the Moon After It’s Done Testing All Your Patience

Analyst Matt Hughes reaffirms his bullish stance, saying XRP remains set for a major breakout once it firmly conquers its “final boss” resistance. In a tweet today, Hughes shared a fresh update regarding his earlier XRP moon call. He reminded the community that XRP is still going to the moon, but “after it’s done testing all your patience.” This suggests XRP’s short-term performance could frustrate investors to the point of giving up. The commentary comes amid XRP’s latest volatility. Hughes previously pointed out that XRP’s multi-year chart shows a consistent pattern: historic resistance levels have flipped into support before each major rally. Also, peaks from 2018 and 2021, once capped by diagonal resistance, have already turned into support zones, strengthening the bullish structure. XRP weekly chart by Matt Hughes To Hughes, the $3 zone represents the crucial “final boss” resistance. XRP briefly broke above $3.60 a few weeks ago. The coin has repeatedly dipped below $3 before attempting to reclaim this psychological level. Essentially, Hughes believes the real test for XRP is converting the $3 area into solid support, forming a base for a parabolic breakout similar to past market cycles. For XRP holders, the current phase of dipping after brief pumps may continue to test their patience. But the technical picture continues to favor a major rally once the “final boss” resistance finally falls. Interestingly, Hughes is calling for XRP’s price to soar to $26 by the end of this cycle, delivering over 750% gains. Broader Bullish Outlook Other analysts echo Hughes’ long-term optimism. Raoul Pal, CEO of Real Vision, has highlighted that capital is rotating out of Bitcoin into other major crypto assets. He believes XRP is now set for a higher growth phase. However, Pal did not specify how high the coin could go. Meanwhile, in a separate analysis, market watcher Ahmad Kazemii presented two bullish scenarios for XRP. In the base case, which he favors, a bullish wave could send XRP up to $9, roughly a 3X gain from here. Meanwhile, the alternative case calls for a stronger rally that might extend XRP’s rise to about $11. In other words, both scenarios suggest significant upside. Other analysts also predict that XRP will reach $10, citing institutional demand and the upcoming DeFi platforms and ETFs.

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