XRP Path to Double Digits Has Little Resistance Beyond This Level: Analyst

Highly followed crypto analyst "CasiTrades" suggests that XRP is unlikely to face much resistance on its potential path to double-digit price levels. Over the past three months, XRP has undoubtedly been the breakout star of the crypto market as anticipated regulatory tailwinds from the President Donald Trump administration sent interest in the asset flying. Amid the bullish sentiments, many now expect that the asset is set to enter unchartered price territory. One such analyst has suggested that double-digit prices are within reach, identifying a key level to watch. Clear Skies Ahead for XRP? Highly followed crypto analyst "CasiTrades" believes XRP is unlikely to face much resistance on its potential path to double-digit price levels, identifying the key level for investors to watch. In an X post on Monday, January 20, CasiTrades asserted that XRP looked set to surge to a new all-time high of $3.80 following a strong bounce around the $2.8 price point, aligning with the 0.382 Fibonacci level on the one-hour candlestick chart. Beyond this level, the analyst argued that there was unlikely to be much resistance, which could help propel the asset to double-digit price targets.

While CasiTrades has not specified what this double-digit target could be, analysts like Ali Martinez, Davinci Jeremie, and "EGRAG CRYPTO" have predicted the asset could hit $15, $24, and $27, respectively, this cycle. Still, some have questioned the likelihood of XRP hitting such price levels amid the significant capital influx required. For context, XRP would likely need an over fourfold market cap increase from about $177.78 billion to about $864 billion to hit the $15 price point. Meanwhile, XRP continues to trade around the $3 price point at the time of writing, down 5.36% over the past 24 hours.