Market analyst Sahintas believes that XRP has the potential to double its current all-time high in the coming months. XRP recently experienced a recovery after a significant drop, but it is currently in a consolidation phase. Sahintas analyzed patterns in the monthly XRP chart, highlighting the consistency of symmetrical triangle structures. XRP has experienced three of these triangles since 2013, with each resulting in a breakout and a surge in price. The formation of a third symmetrical triangle suggests an imminent breakout that could propel XRP to new heights, with Sahintas predicting a potential spike of 963% to $6.3. Other market watchers have also noted the significance of the current symmetrical triangle and set varying price targets. XRP is currently struggling to overcome the $0.60 resistance level.
- Content Editor ( thecryptobasic.com )
- 2024-09-25
Chartist Reveals Timeframe for XRP Push to $6.3