XRP Bullish Flag Hints At Monster Run To $11, Says Top Pundit
Main Idea
Analyst Ali Martinez predicts a potential rally for XRP to $11 based on a bullish flag breakout, supported by recent price surges and Ripple's ecosystem developments.
Key Points
1. XRP's price surged over 10% in 24 hours, rising from $2.90 to $3.27.
2. Analyst Ali Martinez highlights a bullish flag breakout on XRP's weekly chart, projecting a target of $11.
3. Ripple's ecosystem developments, including the launch of RLUSD stablecoin and acquisition of Rail for $200 million, support XRP's growth potential.
4. The SEC and Ripple's ongoing legal developments are noted as part of the broader context for XRP's performance.
Description
The price of XRP has surged significantly in recent days, climbing over 10% over the last 24 hours from $2.90 to a local high of $3.27.
$XRP
$2.8213
+0.63%
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