XRP Finally Breaking 6-Year Triangle and is Targeting $3.5 🎯
A well-known analyst has indicated that XRP is breaking free from its six-year descending triangle, expressing confidence in an imminent significant rally towards $3.5. In a recent update, analyst "JD" expressed surprise and delight at XRP's deviation from the prolonged bearish trend since 2018, emphasizing the potential for a substantial bullish surge once the breakout is confirmed.
The analysis, supported by a performance chart since 2017, highlights XRP's subdued trajectory over the past six years, with a notable uptick in 2021. JD suggested that the recent crypto market frenzy, led by Bitcoin, has benefited XRP, noting an 8.5% rally in the past 24 hours. With XRP's seven-day trajectory significantly higher at 16.5%, JD anticipates a bullish rally pushing XRP towards the $3.5 mark, representing a notable 451% gain from its current price of approximately $0.6348.
Notably, other analysts, including EGRAG and Dark Defender, share a bullish outlook for XRP, predicting price thresholds of $2 and emphasizing the importance of confirmed breakouts for potential rallies.
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