XRP Price Analysis: Analysts Predict Potential Rally to $20 Amidst Market Volatility

Crypto analysts ElmoX and CasiTrades have recently provided insights into XRP's potential price movements amidst market volatility. ElmoX anticipates XRP facing resistance at $2.9 but forecasts a potential rally to $20, outlining two scenarios: an immediate breakout or a dip below $1.5 before a bullish reversal. He suggests patience, indicating price discovery may continue until mid-July, with a possible drop to $1.20 before the surge. CasiTrades noted XRP briefly broke below the $2 trendline but quickly recovered, signaling buyer activity. Confirmation is needed by holding the $2-$2.03 range as support. A successful hold could lead to rallies towards $2.25 and $2.70, while losing this level could see XRP drop to $1.90 or potentially $1.54. Currently, XRP is trading around $2.10, down over 4% in the last 24 hours, according to CoinMarketCap data.