XRP Price Sets Mid-Term Target at $2.3: Altcoin Shows Major Bullish Signals for the First Time in 7 Years

The XRP price chart is showing numerous bullish signals that could push it to $31 in this bull cycle. The altcoin is currently trading above a 7-year trendline. This move is considered a bullish sign that has not been seen in 7 years, and a mid-term target of $2.3 has been set.

Bitcoin’s encounter with the next major resistance at $68,000 has also created huge anticipation for altcoins. With bullish expectations for the fourth quarter and the start of the green alt season, many altcoins are showing strong bullish signs for explosive gains in the coming months.

XRP Shows Bullish Signals That Have Not Been Seen in 7 Years

Ripple’s XRP has been showing incredible bullish signals since 2017, indicating that it finally has the potential to make a parabolic comeback. The XRP rally in 2017 was unprecedented; With the successful SEC lawsuit being resolved in XRP’s favor, there is a possibility that we will see a similar increase in this bull cycle.

Various analysts have highlighted numerous bullish signs on the XRP price chart. From forming a significant “golden cross” to mirroring the chart pattern of the 2017 bull run, the peak of XRP’s bull cycle has been fluctuating between $6 and $31.

One analyst has made a positive observation by observing the XRP price chart. He notes that XRP is trading above the 7-year trendline on the RSI. If it closes above this price level this week, XRP will have formed its strongest bullish sign in the last 7 years.