CandleFocus XRP eyes $100 this cycle if historical pattern plays out, according to technical analyst
2025-01-14
Author: Content Editor
According to technical analyst Gert van Lagen, the recent breakout of XRP could potentially lead to a rally to $100 if a historical pattern repeats itself. Van Lagen notes that XRP's previous double-bottom breakout in 2017 led to a surge in price, and the current breakout suggests a similar trajectory. However, achieving a $100 target would require significant support from the overall cryptocurrency market rally and underlying fundamentals. While this target may seem ambitious, XRP investors are optimistic about the asset's recent breakout. Other analysts also believe that XRP's technical setup points to a massive rally in the future. At the time of writing, XRP is trading at $2.59 and showing strong bullish momentum.
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