XRP Price Prediction: Crypto Analyst Amonyx Sets Ultra Bullish Target of $57, Anticipating 'God Candle'

Crypto analyst Amonyx has set an ultra bullish price prediction for XRP, anticipating that the crypto token could eventually reach double digits.

Crypto analyst Amonyx is predicting big things for XRP, suggesting that the crypto token could eventually reach double digits. This forecast comes despite XRP’s continued lackluster performance, even after the conclusion of the legal battle between Ripple and the US Securities and Exchange Commission (SEC).

In a recent post on X (formerly Twitter), Amonyx claimed that a massive “God candle” was imminent, projecting that XRP's price could soar to $57. The chart shared by the analyst indicates that this impressive rise might occur sometime next year, likely at the peak of the market cycle. However, the analyst did not elaborate on the factors that might drive XRP to such heights.

Nonetheless, a subsequent post from Amonyx hinted that the potential launch of a Spot XRP ETF could be the key to propelling the crypto token to such unprecedented levels. Other crypto analysts, including Common Sense Crypto, have also suggested that an XRP ETF could significantly boost the token's price, potentially driving it into three-digit territory.

The launch of such a fund would likely attract new investments into the XRP ecosystem, triggering a substantial price surge. While optimism is growing regarding the likelihood of a Spot XRP ETF, it remains to be seen whether it can catapult XRP to such lofty valuations.

Furthermore, members of the XRP community may be wary of getting overly optimistic about the potential effects of the ETF, especially after witnessing XRP's performance post-lawsuit. The resolution of the Ripple-SEC case was anticipated to act as a catalyst, potentially pushing XRP to as high as $1 in the short term. However, XRP has struggled to even surpass the $0.6 resistance mark, despite Judge Analisa Torres' favorable ruling.

In a more bullish outlook, another crypto analyst, Javon Marks, has predicted an even more staggering rise for XRP. Based on the Full Logarithmic Follow-Through indicator, Marks believes that a bullish breakout could propel the token to an astonishing $263. He pointed out that XRP is nearing a pivotal point in a nearly “7-year consolidation/pattern development” and has exhibited multiple bullish signals that suggest a breakout could be on the horizon.

Currently, XRP is trading at around $0.56, having declined over 2% in the last 24 hours, according to CoinMarketCap data.

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