XRP has recently gained attention in the crypto community, with analysts predicting a significant price surge in the near future. One notable market observer, known as Crypto Wizard, has forecasted what he describes as a “turbo candle” for XRP, suggesting that the digital asset could soon witness a substantial price increase. According to his analysis, XRP could break past its previous highs, potentially leading to a price jump of over 200%.

XRP Reclaims $0.63 and Gains Momentum

As of now, XRP has reclaimed the $0.63 mark after briefly dipping into the $0.58 range just two days prior. This price recovery  considerable excitement within the cryptocurrency community. XRP’s resurgence into the $0.60 region has been seen as a pivotal moment, helping it climb even further.

Following this momentum, XRP has touched $0.66, a level it last reached in March 2024 when the asset set a yearly high of over $0.74. This weekend’s upward movement has bolstered optimism among market analysts, with many speculating that even higher price points are in XRP’s future.

Crypto Wizard Predicts 210% Surge for XRP

Crypto Wizard, a well-known figure in the crypto analysis space, has pointed to an exciting potential rally for XRP. His forecast, based on chart analysis, suggests that XRP could witness a massive price surge, with the possibility of reaching $2 in the near term. This would represent a significant 210% increase from XRP’s current price levels.

The chart shared by Crypto Wizard highlights a similar pattern seen during the last bull run in 2021 when XRP surged to $1.96. He believes that a similar price action is now likely to play out, with XRP setting up for a towering green candle, mirroring the price movements observed in the previous cycle.

Should this prediction come true, XRP holders could see substantial returns on their investments. As of press time, XRP is trading around $0.645, with the broader crypto market currently experiencing some retracement. However, Crypto Wizard remains confident that XRP could soon push past this level and trigger the next phase of its price rally.

XRP Price Predictions Supported by Other Analysts

Crypto Wizard isn’t the only one bullish on XRP’s future. Another prominent analyst, Michael XBT, who has been investing in Bitcoin since 2014, agrees with the prediction of XRP’s substantial price growth. Responding to Crypto Wizard’s post, Michael shared a GIF symbolizing XRP “printing money” for investors, signaling his confidence in the upcoming price surge.

Michael has been vocal about his long-term belief in XRP. In August 2024, he disclosed that he expects to earn a profit of $1.5 million from his XRP holdings if the asset reaches $2. He has cautioned XRP holders against selling prematurely, urging them to stay patient as the market prepares for what he sees as a major breakout.

After holding his XRP position for seven years, Michael advised investors not to exit their positions just as the asset appears to be on the brink of a significant price surge. His advice to holders is clear: stay the course and wait for XRP to hit the anticipated higher price levels, as selling now could mean missing out on significant profits.

Can XRP Reach $2?

Reaching $2 would indeed mark a remarkable milestone for XRP. From its current price of $0.645, XRP would need to climb approximately 210% to hit the $2 mark. Such a rise would translate to a 2X return for current holders, which is why the excitement surrounding XRP’s potential is growing.

However, it’s important to note that predictions in the crypto market are often subject to changing market dynamics. The broader crypto market, including XRP, is known for its volatility. While the forecasts from analysts like Crypto Wizard and Michael XBT are optimistic, there are still risks to consider, particularly with market retracements and external factors influencing prices.

The Broader Crypto Market Outlook

XRP’s recent performance is also tied to the larger movement in the cryptocurrency market. Bitcoin (BTC), Ethereum (ETH), and other major assets are also experiencing fluctuations, which can either fuel or hinder XRP’s price action. Market sentiment plays a crucial role in determining the direction of XRP and other cryptocurrencies.

For now, XRP has managed to regain key support levels, and the bulls appear to be in control. Analysts remain focused on how the asset performs in the coming days, with many waiting to see if the “turbo candle” prediction by Crypto Wizard materializes.

Conclusion: Should You Hold or Sell XRP?

For those holding XRP, the question of whether to sell or continue holding is a common one. With predictions of a 210% price pump and strong support from analysts, the potential for substantial profits is undeniable. However, as with all investments, it’s essential to weigh the risks and rewards carefully.

Crypto Wizard’s analysis, alongside Michael XBT’s bullish stance, suggests that XRP could be on the verge of a significant rally. If their predictions hold, holders who stay patient could stand to gain considerably. However, market volatility means nothing is guaranteed, and investors should consider their own risk tolerance before making any decisions.