Crypto analyst World of Charts mentioned that the price is set to experience a significant breakout, which means that the crypto token could soon make a run of its own. Based on the analyst’s prediction, XRP could see its price triple .
How XRP Price Could Rise To $3
As highlighted by World of Charts, XRP has experienced a “very long consolidation of ““, but that could change as the 3-day timeframe suggests that a breakout will occur soon enough. The analyst predicts that XRP will rise to as high as $3 when this breakout happens.
This isn’t the only indicator painting a bullish narrative for the crypto token, as recently that XRP had broken out of a six-year trendline. Interestingly, the analyst also hinted that XRP would hit $3 with this breakout occurring. Meanwhile, these predictions have undoubtedly revived the bullish sentiment on the crypto token.
XRP hitting $3 is possible, considering that its all-time high (ATH) stands at $3.80. Bitcoin hitting a new ATH also paves the way for altcoins to make a run of theirs and surpass their current ATH.
XRP also looks long overdue for a new ATH since its ATH came in 2018. The crypto token didn’t see any significant gains in the , possibly due to the , which made it less attractive to investors. Having now achieved , XRP looks set to make a comeback in this market cycle.
Another Bullish Indicator For XRP
Crypto analyst Egrag Crypto recently XRP’s three-month chart and noted it was very bullish for the crypto token. He laid out a scenario where XRP could rise to “double digits in no time and three digits” at the peak of this . In the accompanying chart he shared, Egrag hinted at XRP hitting $27 and eventually rising to $107.
The $27 mark is one target the crypto analyst has mentioned at different times as his peak XRP price prediction for this market cycle. However, the $107 mark is a new development and will definitely catch the attention.
Meanwhile, Egrag added that buying below the $1 mark will soon be a dream, and those who bought below $0.50 will “be seen as GODS in the future.” He had that XRP would not go below the $1 again once it breaks that resistance level.
At the time of writing, XRP is trading at around $0.60, down over 5% in the last 24 hours, according to from CoinMarketCap.
XRP price falls to $0.59 | Source:
