- XRP has attempted six breakouts since July 2024, with technicals suggesting a potential rise to $2-3.
- Javin Marks predicts XRP could “rip” higher soon, as conditions align for a significant price breakout.
- Egrag Crypto sets a bold target of $13 for XRP, supported by the “Nike Swoosh” technical pattern.
XRP, the digital currency of Ripple’s payment network, is on the precipice of a major move higher. In an X post on Wednesday, Javon Marks pointed out that cryptocurrency has made at least six attempts to bypass the price range since July 2024. With technicals hinting at the scaling back to $2-3, a sustained break out could be just around the corner.
Markets have shown that XRP can “rip” higher at any time sparking the growth that the Ripple community has been hoping for. The analysis reveals that all the conditions for a breakout are in place, meaning that the value may rise sharply soon. This is vital since Ripple has been in the red for a long time as many investors continue to hold their token with the expectation of the next big price shift.
XRP Eyes $13 Surge
Another analyst, Egrag Crypto, stated that “XRP WILL DO IT,” while sharing an even more aggressive price target. In the opinion of Egrag, the token may reach $13 due to a technical setup called the ‘Nike Swoosh.’ This pattern is usually accompanied by a slow bearish trend before making a strong bullish trend and if this is the case then coin has potential for a massive rally in the coming days.
Currently, XRP is at $0.5904, which indicates 0.32% The current trading volume of this coin within a single day is $1.32 billion, showing a high level of trading. This is an indication that the prices are steadily increasing even in small margins, and there are many investors who are now optimistic that there will be a major price surge in the near future.
Should XRP hit $13, this will be a major rise from the current rates and will be a significant profit for those who have stayed invested in this asset even in the course of its volatile swings. Such predictions are rather bold, however, the technical aspect supported by an enthusiastic community is a good foundation to hope for the best.
XRP is currently sitting on the precipice of a large scale breakout. Regardless of whether it hits $2-3 or goes as high as $13, the cryptocurrency may very well begin to pay off for its early investors shortly. Investors are waiting for the next big game to be played.
