Analysts are optimistic about the XRP cycle target of $20! Long positions confidence returns, short positions begin capitulation.

As the altcoin market continues to recover, some assets are expected to reach historical highs in the coming months. Anonymous analyst XForceGlobal publicly stated on X (formerly Twitter) that he has set a target for this round of Ripple (XRP) at over $20, which means the coin needs to pump more than 7 times from its current price to reach the target. Although XRP has faced pressure recently, bullish sentiment is gradually rising, and the market may be moving from the “confirmation” phase to the “acceptance” phase.

XRP cycle target aims at 20 USD

(Source: Trading View)

XForceGlobal pointed out in its analysis that XRP is currently at a turning point in its cycle:

Target price level: above $20 (the specific target for the 3rd wave will be adjusted based on subsequent data)

Market phase: has transitioned from the “confirmation” phase to the “acceptance” phase.

Emotional Shift: Bears are gradually giving up defense, and the market is starting to turn bullish.

He believes that this shift signifies that long positions are expected to take control in the coming months, driving XRP into a new round of pump cycle.

Current Price Trends and Key Technical Levels

On August 21, XRP was reported at $2.93, with a decline of about 2.92% over the past seven days, making it the only coin among the top five cryptocurrencies to record a weekly decline.

Another analyst, CryptoWZRD, added:

Key support: 3.2300 USD

Technical perspective: If it falls below this price level, it will return to the bearish zone; if it holds, there is hope to maintain an upward trend.

Long positions return, alts may lead the pump

The market generally expects that alts may outperform Bitcoin in this bull run. XRP, as the third largest crypto asset by market capitalization, has dual advantages in attracting both institutional and retail funds, against the backdrop of a gradually clearer regulatory environment and the continuous expansion of cross-border payment applications.

If the long positions sentiment continues, along with the overall market funds flowing back, XRP is expected to accelerate the breakthrough of key resistance levels and move towards higher targets.

Conclusion

Although XRP has been under pressure recently, analysts have set a target of 20 dollars for the cycle, indicating that long positions remain confident about the long-term outlook. The current market sentiment is shifting from wait-and-see to acceptance, and if the key support level can be maintained along with a rebound in the overall market, XRP may usher in a new trend capable of rewriting history.