XRP At $21.5 Isn’t A Bet: Why This Analyst Says A Measured Move Is Coming

Crypto analyst Tom has declared that a projected XRP rally to $21.5 isn’t a gamble and will definitely happen. This came as he revealed that a measured move is coming for the altcoin, which will send its price to this $21 target.  

XRP Eyes Measured Move To New ATH Of $21.5

In an X post, Tom said that XRP is set to see a measured move to a new all-time high (ATH) of $21.50, with this price target also his second take-profit zone. The analyst revealed that he had held XRP when the token was trading at $0.30 and and held until it reached its current ATH of $3.84. 

Now, the analyst is again holding the token, targeting higher prices for XRP. He highlighted some positives as the token eyes the $21.50 target, noting that the 3-week golden cross has fired. Furthermore, Tom noted that the current base is a 1:1 fractal of the 2014 to 2017 cycle and that the volume is lower than the last cycle’s bottom, with supply gone. 

Source: Chart from Tom on X

In another X post, the analyst reiterated his bullish outlook for XRP, citing the CLARITY Act as a catalyst that could spark a rally. His accompanying chart showed that the altcoin could reach $2.8 by July, which is around when the crypto bill could pass. The bill is a positive for XRP, as it will provide regulatory clarity by classifying XRP as a commodity. 

Crypto analyst Michael also echoed similar sentiments about XRP, stating that a parabolic rally could begin at any time. He declared that this will be the biggest breakout of the year, as the altcoin has already bottomed.