XRP, a cryptocurrency, recently broke out of a 5.5-year consolidation phase, leading analysts to predict a potential rally to a three-figure price level. Despite facing price struggles and a recent drop, analysts remain optimistic about XRP's upward momentum. Some analysts compare the current breakout to a similar move in March 2017 that resulted in a significant rally. Amonyx predicts that a similar rally could occur in 2024, with an ultimate target price of $251. Other prominent analysts also share a bullish outlook on XRP, with expectations of a correctional phase ending soon and a surge to $6. XRP's performance is seen as a leading indicator for altcoin market strength, with analysts anticipating a broader altcoin season following its rally. A close above $2.3 on the 3-day chart is viewed as bullish, with the next critical level being $2.62.



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