XRP’s next major price target is $4.10. Here’s how it could get there
Main Idea
XRP's price could reach a new all-time high of $4.10 if it successfully holds above the $3 level, following a breakout from a symmetrical triangle pattern.
Key Points
1. XRP has broken out of a multi-month symmetrical triangle pattern, rallying over 67% in two weeks.
2. A successful hold above $3 could send XRP to a new all-time high target near the $4.10 price zone.
3. The $3 level is a recognized pivot for XRP's next move; historical data shows it has acted as both support and resistance.
4. If XRP fails to hold above $3, it could trigger a pullback towards $2.16.
5. The analyst's target of $4.10 is based on XRP's behavior after breaking out of a similar pattern in the past.
Description
XRP has broken out of a multi-month symmetrical triangle pattern, rallying over 67% in two weeks Analysts say XRP holding the critical $3 support level is key for the continuation of its rally A successful hold above $3 could send XRP to a new all-time high target near the $4.10 price zone XRP broke out of a symmetrical triangle that formed over several months of price consolidation, surging over 67% in less than two weeks. The rally pushed the altcoin past multiple resistance levels, with a key...
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