Analyst Known for XRP Skepticism Issues $5.40 Price Target Based on Long-Term Chart
A Wall Street analyst with a publicly stated skeptical view of XRP has issued a chart-based long-term price target of $5.40 for the asset. The target is derived from a technical reading of XRP's long-term chart structure. The development is notable given the analyst's history of bearish sentiment toward XRP.
A Wall Street analyst widely recognized for his critical stance on XRP has published a long-term technical analysis indicating a potential advance to $5.40. The target is based on chart pattern analysis rather than fundamental factors, and represents an upside move from current trading levels.
The analysis has attracted attention within the XRP community in part because it comes from a source historically unsympathetic to the asset. Observers note that a bearish analyst arriving at a bullish chart target carries a different weight than a prediction from a known XRP supporter.
The $5.40 figure is framed as a long-term implication of the current chart structure. No specific timeline for the target was cited in the available sourcing. The prediction sits alongside a broader wave of analyst commentary currently circulating about XRP's price trajectory.
Separately, other market participants have been circulating price targets that range significantly higher, including figures as large as $100 per XRP. These represent the outer range of current speculative commentary and are not tied to specific technical frameworks cited in the sourcing.
Key facts
- •A Wall Street analyst known for skepticism toward XRP has issued a $5.40 long-term price target
- •The target is based on long-term chart pattern analysis
- •The analyst has a publicly documented critical stance on XRP and Ripple
- •Separate market participants are circulating targets as high as $100
- •No specific timeline was provided for the $5.40 target