Market commentators are predicting that XRP, a cryptocurrency, will reach a new all-time high due to the current market rally, similar to the surge seen in 2017. XRP has experienced a 24% increase in the past 24 hours, reaching $1.93. EGRAG, an analyst, suggests that XRP could reach $5.3 in the near term based on an analysis of its price movements and a symmetrical triangle pattern on its long-term chart. The previous triangle pattern in XRP's history led to a 287% increase in just one month in 2017. However, the analyst also cautions that a similar pattern of major corrections could follow this rally. External factors such as market sentiment and regulatory developments may affect the speed and trajectory of the rally.
- Content Editor ( thecryptobasic.com )
- 2024-12-01
XRP Set for $5.3 as Analyst Says Even a 63% Drop Would Keep Price Above $1.96