XRP Analysts Predict $7 Rally Amid 'Trapped' Investors

Crypto analysts have been weighing in on the current state of XRP's price movement, with some predicting a potential rally to $7.

RWA Investor, a well-known crypto pundit, stated that XRP traders going short on the altcoin are trapped, much like Bitcoin bears. He noted that the price movement is mirrored 1:1 with a slight delay and declared that the range between $1.50 and $1.60 will be broken soon.

According to RWA Investor, once this happens, XRP will rally to between $2 and $3. However, he also predicts another major pullback after this initial rally before transitioning into a third wave.

In another X post, RWA Investor attributed the upcoming rally to Fed rate cuts and quantitative easing (QE), which he believes are what the market has been waiting for.