XRP Breakout Progressing As Expected, Analyst Sets Short-Term Price Target
Main Idea
XRP is experiencing a bullish breakout, with analysts projecting a short-term price target of $4.40 and potential long-term targets up to $33, supported by technical patterns and market fundamentals.
Key Points
1. Analyst Steph Is Crypto highlights XRP's breakout, projecting a short-term price target of $4.40 based on a double bottom pattern confirmed in early July.
2. XRP is trading around $3.57, having surpassed its previous all-time highs, with over 20% monthly gains and strong market momentum.
3. The broader crypto market saw $4.39 billion inflows last week, with XRP attracting significant leveraged trader participation.
4. Long-term cycle analysis suggests XRP could reach between $7.70 and $33, with a mid-cycle target around $20.
5. Market observers note XRP's dominance growth and on-chain volume as indicators of strong network activity and investor confidence.
Description
Ripple’s XRP is gaining strong bullish traction, with its latest breakout confirming a classic double bottom pattern that signals further upside. Crypto analyst Steph Is Crypto highlighted this development in a recent chart, projecting a short-term price target of $4.40. Based on the technical formation and rising market confidence, the XRP rally appears far from over. Double Bottom Breakout Validates Bullish Structure The double bottom , a widely respected bullish reversal pattern, formed betwe...
Latest News
- American Bankers Association Moves Against Ripple’s Banking License2025-07-22 00:11:56
- Crypto Enthusiast Asks XRP Holders This Critical Question2025-07-21 23:42:47
- Ruvi AI (RUVI) Is Tipped as a Smarter Bet Than Binance Coin (BNB), 50% in No Time Mark Only the Beginning2025-07-21 22:07:15
- XRP Breakout Progressing As Expected, Analyst Sets Short-Term Price Target2025-07-21 22:06:25
- 17,443% Gains? Arctic Pablo’s Window Is Closing Fast, Top New Meme Coin to Invest in Now as Bonk and Shiba Inu Surge2025-07-21 21:41:39