Analysts predict that XRP price could reach $64 by 2032

• The long-term growth forecast for XRP price highlights a target of $64 by 2032, supported by a bullish pennant pattern.
• Technical analysis suggests an extended bullish cycle for XRP, with the RSI nearing its all-time high.

Weslad, a well-known cryptocurrency analyst from TradingView, has just published an analysis showing that XRP has intriguing recovery potential, with a long-term estimate of $64 by 2032.

This prediction is based on a bullish pennant pattern and a strong continuation setup that includes a previous bullish rise (forming the pole) and a consolidation phase (forming a triangle).

The analysis shows that this trend, when measured, is indicative XRP goes in a somewhat optimistic direction. Weslad emphasizes that they will regularly update the monthly chart to track the development of XRP.

RSI signals and historical trends are consistent with the bullish XRP outlook

The Relative Strength Index (RSI) is approaching its previous all-time high (ATH) and is a key signal supporting this view. This historic story is accompanied by significant rallies, thereby increasing the likelihood of XRP surpassing its previous all-time high (ATH) of $3.28. Supported by several technical indicators, Weslad’s analysis shows that XRP is beginning an extended bullish cycle.

Fascinatingly, this coincides with reports from July 23, 2023 XRP Trading near $0.47. Weslad highlighted the huge long-term growth potential revealed by technical analysis and warned against selling XRP at such low levels at this time.

Given the coin’s amazing bullish run, people who hold on to their XRP investments have benefited greatly, so the advice seems well-founded.

Meanwhile, XRP is trading at at the time of writing $2.64; it has seen one 85.70% Profit in the last 7 days and a 420.66% Growth in the last 30 days.

The positive mood is complemented by the youngest report by Crypto News Flash (CNF) shows an increase in whale activity. Large XRP transactions in and out of exchanges have certainly increased significantly in the last month. This increased whale activity has provided significant support to XRP’s increasing momentum.

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