Analysts suggest that XRP, one of the largest cryptocurrencies, could experience significant price growth.
Technical Pattern Analysis of XRP
XRP token recently broke out of a multi-year symmetrical triangle, indicating a potential continued upward trend. Popular crypto analyst Ali Martinez projects that this could lead XRP to a target of $15.
XRP Price Fluctuation History
Despite a long period of stagnation after the 2017/2018 cycle, the XRP token showed periods of significant growth. For instance, following the US elections, XRP rose rapidly from under $0.6 to its high of $3.4.
Potential Price Influencing Factors
XRP's growth could be impacted by a potentially favorable resolution in the Ripple vs. SEC lawsuit and an approved XRP ETF. Both events could create positive conditions for the token's price increase.
While hitting the $15 mark may seem challenging, historical data supports the possibility of significant XRP growth.