XRP Breakout Echoes 2020—Sets Sights on $10 as Market Cap Flips Shell
Main Idea
Market analyst Adex crypt suggests XRP could reach a $10 price target based on its 2020 performance pattern, while XRP's market cap surpasses Shell's, signaling growing legitimacy of digital assets.
Key Points
1. Adex crypt predicts XRP could reach $10 if it follows its 2020 price pattern, supported by a breakout from a multi-year symmetrical triangle and institutional inflows.
2. XRP's market cap of $206.72B surpasses Shell's $206.16B, marking it as the 79th-largest global asset.
3. XRP's rise reflects a shift in capital flow toward digital assets and increasing institutional adoption in cross-border payments and treasury functions.
4. The ProShares Ultra XRP ETF launch and U.S. crypto legislation have boosted institutional interest in XRP.
5. XRP's technical structure, whale buying, and supply reduction align with its 2020 performance, suggesting potential for significant price growth.
Description
Will XRP’s $10 Price Target See the Light of Day? According to market analyst Adex crypt, “XRP is mirroring its 2020 price action almost perfectly same structure, same key levels, same breakout setup. If this fractal plays out again, a move to $10 could be in sight.” Therefore, the analyst believes that if XRP’s price follows in its 2020 footsteps, then the way for a bold $10 target might come to light. XRP has executed a textbook breakout from a multi‑year symmetrical triangle, consolidating be...
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