XRP Price Prediction: Mikybull Crypto Reveals His Targets for the altcoin in This Market Cycle

This comes amid the token's recent price breakout above the $2.50 resistance, with analysts like CasiTrades predicting it could soon break above $3

Crypto analyst Mikybull Crypto has revealed his targets for the XRP price in this market cycle. The analyst, known for his bold predictions, sees the altcoin trading between $4 and $6 by the time this bull run comes to an end.

When a user questioned the possibility of the XRP price reaching double digits, Mikybull replied that anything is possible.

Will #XRP hit 4x digits this cycle?

My price targets are $4-$6.

Anything is possible! It depends on how high we can push the cryptocurrency in the upcoming months. Nonetheless, I think we can hit $4 at least.

The predictions come as the XRP price is currently showing signs of a breakout. After struggling to clear the $2.50 resistance for the past few days, the token finally broke above this level on Monday.

Analysts at CasiTrades predict that the next major resistance level for XRP is at $3, which could be breached if the buyers manage to sustain the price at the current support level of $2.50.

Moreover, crypto analyst Dark Defender expects XRP to reach a new all-time high in this market cycle. According to the analyst, XRP is on the 3rd wave, which could send its price to $3.1 and then $6. The analyst has predicted in the past that the altcoin can reach double digits in this bull run.

#XRP is on the 3rd wave. Expect a move to 3.1 and then 6. From 0.17 to 19 covered in 3 months. Anything can happen in a bull market. Don't get caught up in the moment and miss out on the big gains. Stay focused and keep an eye on the charts. #crypto #blockchain #bitcoin

— Dark Defender (@_CryptoDefender) June 19, 2024

The predictions for the XRP price come amid Ripple President Monica Long’s meeting with His Highness Ahmed bin Saeed and other UAE officials at the Dubai Fintech Summit.

According to the Dubai Media Office, the meeting explored opportunities for collaboration in expanding digital payment infrastructure and accelerating innovation across the financial ecosystem.

"@H_M_A_S_E and officials met with President of Ripple, Monica Long, at the #DubaiFintechSummit to discuss ways to foster collaboration in expanding digital payment infrastructure and accelerate innovation across the financial ecosystem in the UAE, the statement reads.

The officials also met with the CEO of eCode, a company that provides blockchain solutions for the banking sector, to discuss the company’s role in supporting the UAE's digital economy.

The meetings come as part of the Dubai Fintech Summit's focus on bringing together global leaders and emerging startups to shape the future of finance. The summit, which concluded on Thursday, aimed to drive discussion on the latest trends, technologies, and policies shaping the global financial landscape.

The meetings highlight the UAE's commitment to fostering innovation and collaboration in the fintech sector. The country has become a hub for cryptocurrency activity, with several exchanges and mining companies setting up shop in recent years.

The meetings could also have implications for the XRP price, as any potential collaboration between Ripple and the UAE could provide a huge boost for the token.

XRP has been trading in the green today, and it is currently up by 0.61% for the past 24 hours. At press time, XRP is changing hands at $2.52. The token is still in the process of recovering from the March 2020 crash, when its price fell to as low as $0.17.

However, the token has since recovered sharply, and it is now trading at levels not seen since 2018. If the bulls can push XRP to new all-time highs, it could reach prices of over $7, which is the level that the token last traded at in December 2018.

With the crypto market showing signs of a new bull run, XRP could be set for a massive rally in the coming months. If the token can break above the key resistance levels at $3 and $4, it could clear the way for a move to double digits.

However, the road to $10 for XRP will not be easy. The token will need to overcome several technical hurdles and market challenges to reach this price target. But if the bulls remain in control, anything is possible for XRP in this bull run.

It will be interesting to see if XRP can continue its upward momentum and reach Mikybull's price targets of $4-$6 by the end of this bull cycle. If the token can maintain its current support level and break above the next major resistance at $3, it could set the stage for a potential rally to $10 or even higher.

With the crypto market heating up