The XRP token price continues to strengthen with some improvement in regulatory clarity in the US. Although the altcoin is currently progressing in line with the market, it gives some signals that can improve its performance.
In a TradingView post dated December 1, analyst AlanSantana suggested that XRP could record a potential rally of 120% in the next six months. Analysis, the court Ripple and is based on the scenario recorded in July, when the Securities Exchange Commission (SEC) declared in its case that the token was not a security.
The analysis noted that if XRP corrects to around $0.51, the token could record a rally of approximately 85% in the next six months. However, if the altcoin corrects even lower, to around $0.43, the token could begin a more significant rally, potentially reaching as much as 120%.
It may be there because it broke higher and is producing a pullback, but overall it would be around 50% higher than what we saw today, or 85% (blue) to 120% (red) higher if one of these correction scenarios were to come.
Chart analysis revealed a triangle top pattern that, while acknowledging the normal pullback since July, has historically been indicative of temporary declines before upward swings.
XRP Token’s Next Price Target
Looking beyond short-term forecasts, the analyst suggested that the potential long-term price is around $5, based on past calculations. However, he warned that predicting future prices during a supercycle becomes complicated.
Around $5 is a result of past calculations but you have to look around and find old charts. If we enter a supercycle, it could be something impossible to predict… But the future is bright, expect to see more than anything you can think of or predict.
At the same time, he acknowledged that XRP has the potential to grow even when Bitcoin (BTC) corrects, pointing to a level independent of broader market trends.