How high can XRP price go from its $3.66 multimonth high?
Main Idea
XRP price is consolidating near a multimonth high, with analysts projecting potential rallies to $4.20, $5-8, or even $10, driven by technical patterns and market momentum.
Key Points
1. XRP reached a multimonth high of $3.66, fueled by regulatory clarity and institutional adoption, including the resolution of Ripple’s SEC lawsuit.
2. A bull pennant formation on the 4-hour chart suggests a potential breakout to $4.20, with the price currently holding above the 50-day EMA.
3. Analyst Milkybull Crypto identifies a 1.618 Fib extension target at $5.32, with upper targets near $8, supported by a confirmed MACD crossover on the weekly chart.
4. The XRP Dominance Index (XRP.D) is at 5.30%, with a breakout above 5.50% potentially doubling the XRP price to $7–$10, based on historical patterns.
5. XRP's market cap surpassed $210 billion, ranking it third among cryptocurrencies, amid bullish momentum from regulatory and institutional developments.
Description
XRP is consolidating near its multimonth high, but some new projections from market analysts point to a potential rally to as high as $10.
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