XRP Price Has Traded Near the Flatline Today, Consolidating Near the $2.4 Mark, But Experts Remain Bullish

XRP price has traded near the flatline today, consolidating near the $2.4 mark, but experts remained bullish on the future trajectory of the coin.

Experts are bullish on the future trajectory of XRP price, especially as it trades nearly flat today, consolidating at the $2.4 mark. In a recent analysis, one expert has set a “conservative” target of $15 for the coin, sparking discussion among crypto traders.

This comes amid market optimism over a potential resolution in the Ripple Vs SEC case, which has long dampened the broader market sentiment. However, despite the bullish chatter and anticipation of a breakout, XRP price has failed to rally further.

Expert Sets $15 Price Target For XRP

In a recent analysis shared on X, previously Twitter, renowned expert EGRAG CRYPTO set a “conservative” price target of $15 for XRP. This prediction is part of a tiered target system, which also includes a “normal measurement” of $22, an “extended target” of $44, and a “personal target” of $27.

The conservative target of $15 suggests that the expert believes, based on the technical trends and market behavior, that XRP price has significant growth potential. Even in a more cautious market scenario, where price movements are less dramatic, it can record a massive 500% rally from its current price.

In addition to the price targets, EGRAG CRYPTO also emphasized the importance of taking profits strategically. The expert advised investors to "start taking profits” rather than waiting for a single peak. Highlighting the essence of securing portions of the profit, the expert added, "It’s better to have some profit than none at all.”

Expert Clocked Up 10x Return On XRP

Further sharing his thoughts on the crypto, the expert said that he personally booked some profits at around $3.75, which marks a 10x return on the initial investment.

However, with the market presenting an opportunity for even greater gains, the expert noted that he is prepared to hold out for an "extended target." This suggests a willingness to capitalize fully on the market potential and maximize returns.

Announcing his plans to take a step back from the market to focus on other endeavors, the expert expressed the importance of recognizing individual investment styles and risk tolerances.

As one expert sets his sights high with a conservative price target of $15, another expert chimed in with a short-term prediction for even greater gains.

More Experts Weigh In On XRP Price

Responding to a user’s question about what he thinks will be the lowest price of XRP in the next bear market, the expert said: "I personally don't see it going below $1."

This suggests that despite the usual price swings and market cycles, the expert sees a strong underlying value in XRP, which will likely keep it afloat even during bearish phases.

Another crypto expert, known as Dark Defender, is placing a short-term price target of $5.85 for XRP, which is currently trading at around $2.50.

According to Dark Defender, XRP must close above the $2.75 level to continue its upward run. He highlights that XRP faces “little hassle” at the $2.55 level and strong support at $2.42.

Once $2.75 is breached, we will target $3.98, and after that, it’s $5.85. But it’s going to be a hard breakout. Good luck, ” shared Dark Defender.