XRP Price Outlook: Analyst Predictions and Binance Updates

XRP forecasts take center stage this week as the crypto market continues to stir speculation. The focus keyword here is XRP price, and despite daily fluctuations, investor sentiment remains upbeat with several analysts projecting significant upside.

XRP Price Predictions Gain Momentum

Even with a modest drop of around 2.5% in the last 24 hours, XRP’s value has climbed roughly 6% over the past week. This recent movement has analysts offering varied forecasts, ranging from well-grounded targets to highly ambitious milestones.

The X user known as World of Charts argued that XRP has already staged a breakout and subsequent retest, suggesting the potential for a price surge above $3 within July. On the more enthusiastic side, market commentator Maxi envisions XRP repeating its late-2017 performance. According to Maxi, this could translate into a 1,200% rally, possibly taking the asset toward a speculative $30 mark — although this remains a distant dream under current conditions.

Others have outlined more grounded projections. Analyst Ali Martinez claimed that XRP may be forming a classic inverse head and shoulders pattern, often seen as a bullish signal. If validated, such a development might signal a 15% upward move, taking the token to around $2.65. Another analyst, Crypto Beast, expects XRP to triple in value during the prevailing bullish phase.

Binance Makes Market Moves

Elsewhere in the crypto space, Binance has been actively realigning its offerings. Recently, the exchange incorporated Newton Protocol (NEWT) and Sahara AI (SAHARA) into its VIP Loan program, allowing these tokens to be used as loanable assets. Despite the new support, both tokens saw price declines shortly after the announcement.

In a separate update, Binance removed several trading pairs: ACT/EUR, FIO/BTC, TNSR/FDUSD, and TST/FDUS. These changes tend to reduce visibility and trading volume for the affected tokens, often resulting in market setbacks. Indeed, FIO faced the sharpest response, dropping 8% in price following the delisting announcement.

The platform also introduced new staking opportunities, announcing that users holding SOL, as well as bSOL, sBNSOL, and bzSOL, can now stake these tokens for up to 6.5% APR. Additionally, participants will be automatically eligible for LAYER, ACE, and DYM airdrops.

“But that’s not all, something new is launching soon,” teased Binance, hinting at a forthcoming feature or campaign.

Bitcoin’s Trajectory Remains Under Scrutiny

Bitcoin (BTC) continues to draw attention after closing Q2 with a record high of approximately $107,500, slightly down from its May peak near $112,000. Currently trading just below $109,000, optimism for a continued upward trend remains strong among traders.

X user CRYPTOWZRD thinks breaking above $110,500 could trigger a rally to $120,000. On the flip side, Arthur Hayes, BitMEX co-founder, predicted a possible short-term pullback to $90,000 due to a potential hit on liquidity tied to upcoming U.S. Treasury decisions. Nonetheless, Hayes remains optimistic in the long term, calling any pullback a temporary detour.

Related: Expert Advice: Sell XRP If You’re Confused

In conclusion, XRP continues to occupy a pivotal position in broader cryptocurrency discussions. As XRP price predictions reflect increasing confidence from experts, developments around Binance and Bitcoin provide the broader context necessary for investors making strategic choices. While mega-surges like $30 may be out of reach for now, steady milestones such as $2.65 or even $3 remain within the realm of possibility.