Crypto analyst World of Charts said the XRP The price is expected to experience a significant breakout, meaning the crypto token could soon make a run of its own. Based on the analyst’s prediction, the price of XRP could triple when that happens.
How XRP Price Could Rise to $3
As highlighted by World of Charts, XRP has experienced a “very long consolidation of.”symmetrical triangle“, but that could change as the three-day time frame suggests an outbreak will happen soon enough. The analyst predicts that XRP will rise to $3 when this breakout occurs.
This is not the only indicator that paints a bullish story for the crypto token crypto analyst Jaydee recently revealed that XRP had broken the six-year trend line. Interestingly, the analyst also hinted that XRP would reach $3 if this breakout were to occur. Meanwhile, these predictions have undoubtedly revived bullish sentiment on the crypto token.
XRP could reach $3 considering the all-time high (ATH) is $3.80. Bitcoin reaching a new ATH also paves the way for altcoins to surpass their current ATH.
XRP also seems long overdue for a new ATH since the ATH came in 2018. The crypto token did not experience any significant gains in the Bull Run 2021possibly because of the regulatory uncertainty, making it less attractive to investors. Now achieved legal clarityIt looks like XRP will make a comeback in this market cycle.
Another bullish indicator for XRP
Crypto analyst Egrag Crypto recently marked XRP’s quarterly chart and noted that it was very bullish for the crypto token. He outlined a scenario where XRP could rise to “double digits and triple digits in no time” at the peak of this. running of the bulls. In the accompanying chart he shared, Egrag hinted that XRP would reach $27 and eventually rise to $107.
The $27 mark is a target the crypto analyst has talked about other times as its peak XRP price prediction for this market cycle. However, the $107 limit is a new development and will certainly attract attention XRP Communities attention.
Meanwhile, Egrag added that buying under $1 will soon be a dream, and those who buy under $0.50 “will be seen as GODS in the future.” He had previously suggested that XRP would no longer fall below $1 once the resistance level is broken.
At the time of writing, XRP is trading around $0.60, down over 5% in the past 24 hours. facts from CoinMarketCap.
XRP price falls to $0.59 | Source: XRPUSD on Tradingview.com
Featured image from Watcher Guru, chart from Tradingview.com
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