Crypto Analyst World of Charts XRP The price is set to experience a significant breakout, which means the crypto token could soon rise on its own.Based on analyst forecasts, XRP price could triple when it happened.
How will XRP price rise to $3?
As highlighted by World of Charts, XRP has undergone a “very long consolidation.”symmetrical triangle“However, things could change as the 3-day time frame suggests a breakout will occur soon. Analysts predict that XRP will rise to $3 if this breakout occurs. I am.
This is not the only indicator that paints a bullish story for crypto tokens. Crypto Analyst Jaydee recently revealed This means that XRP has broken out of the 6-year trend line. Interestingly, the analyst also suggested that XRP would reach $3 once this breakout occurs. On the other hand, these predictions have undoubtedly revived bullish sentiment towards crypto tokens.
Considering that XRP's all-time high (ATH) is $3.80, it is possible for XRP to reach $3. Bitcoin reaching a new ATH will also pave the way for altcoins to rise and surpass their current ATH.
Also, it seems like XRP has been waiting for a new ATH since the introduction of ATH in 2018. Crypto tokens did not see any significant gains. 2021 Bull Run,probably, Regulatory uncertaintyThis made it less attractive to investors.now achieved legal clarityXRP is expected to make a comeback this market cycle.
Another bullish indicator for XRP
Crypto Analyst Egrag Crypto recently highlighted We noted that XRP’s 3-month chart is extremely bullish for the crypto token. He envisioned a scenario in which XRP could rise to “double digits in no time and triple digits at this peak.” Cattle running. In the attached chart he shared, Egrag hinted that XRP could reach $27 and eventually rise to $107.
The $27 mark is one of the targets mentioned by crypto analysts. different times As his peak XRP price prediction in this market cycle. However, the $107 mark is a new development and will definitely catch up. XRP community Note.
Meanwhile, Eglag added that buying for less than $1 will soon be a dream, and that those who buy for less than $0.50 will be “considered gods in the future.”he had previously suggested If XRP breaks through that resistance level, it will not fall below $1 again.
As of this writing, XRP is trading at around $0.60, down more than 5% in the past 24 hours. data From CoinMarketCap.
XRP price falls to $0.59 | Source: XRPUSD on Tradingview.com
Featured image from Watcher Guru, chart from Tradingview.com