Analysts are once again turning their attention to XRP amid the potential for a sharp price surge. One expert, Cobb, comments on the asset's long-term structure.
Chart Structure of XRP and Its Significance
According to analyst Cobb, XRP's monthly chart displays a symmetrical triangle formation that has developed since late 2024. He described this structure as one of the most bullish in the overall crypto market.
Price Forecasts for XRP by 2025
Analysts are forecasting significant price levels for XRP, ranging from $10 to $24. These targets are based on the historical performance of symmetrical triangles in similar market cycles. Cobb also noted that a breakout may occur very quickly, making late entries into the market difficult.
Market Attention Towards XRP
Despite some signs of growth, XRP continues to trade within a narrow range. However, the current price trend aligns with past trends that preceded significant rallies. Analysts are closely monitoring investment opportunities, as XRP continues to garner expert attention.
According to observations, if XRP confirms the breakout structure, the second half of 2025 could witness significant growth. The market remains poised for sharp movements, with traders focusing on this cryptocurrency.
