XRP may still have substantial upside potential before the current crypto bull market concludes, according to market analyst Tim Warren. Speaking on a recent episode of the Paul Barron Network podcast , Warren shared an optimistic outlook on XRP’s price trajectory, predicting a significant price jump despite the token’s recent sideways performance. During the discussion, Paul Barron, the host of the show, focused on the broader altcoin market’s response to Bitcoin’s continued surge past $111,000. As attention turned to XRP in the latter part of the conversation, Barron asked whether Warren was trading the token actively or taking a long-term position. Warren confirmed that he is holding his XRP assets and emphasized his continued confidence in the cryptocurrency’s potential. XRP Could Increase Fivefold, Says Warren Warren noted that although XRP has been consolidating for several months, technical signals suggest a possible breakout is approaching . He pointed to a bullish chart pattern forming on the daily timeframe and said that XRP had briefly surpassed a previous resistance level around $2.55 before retracing. Despite this pullback, Warren believes the overall trend remains positive. He projected that XRP could dip to approximately $2.20 in the near term, but once it establishes stronger momentum, the token could rally past resistance levels and reach a minimum of $5. His long-term target is a price range between $11 and $12, which he believes could be achieved before the ongoing bull run concludes. While smaller altcoins may offer greater short-term returns, Warren emphasized that a four to five times increase from current levels would still represent a strong performance. He also noted that XRP has already gained over 380% since November 2024, further supporting his bullish case. Ripple’s Reported Interest in Acquiring Circle Raises Questions Earlier in the conversation, Barron addressed reports suggesting that Ripple may be exploring a possible acquisition of Circle , the company behind the USDC stablecoin. He cited commentary from Gabriel Shapiro of MetaLeX Labs, who raised concerns about the impact such a deal could have on the broader crypto ecosystem. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The potential acquisition, rumored to be valued at around $11 billion, could position Ripple as a leading asset issuer across multiple blockchains. Critics, particularly from the Bitcoin community, have expressed apprehension about the implications for competition and regulatory scrutiny. Barron questioned whether the acquisition could positively influence XRP’s market performance or, conversely, lead to selling pressure if Ripple were to liquidate some of its XRP holdings to fund the deal. Warren responded by acknowledging that the financing structure of such an acquisition remains unclear. He agreed that if Ripple were to sell XRP, it could temporarily affect the token’s price. However, he dismissed the idea that Ripple would deliberately offload large amounts of XRP onto the market, a theory he previously entertained but now views as outdated. Having engaged with experienced professionals in the industry, Warren stated that Ripple benefits more from XRP performing well. In his view, even if some market participants interpret the acquisition as a risk, he personally believes it could ultimately support XRP’s long-term value. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Predicts XRP Could Hit $11 This Cycle appeared first on Times Tabloid .
