For some time now, the eyes of many cryptocurrency traders have been focused on XRP. Many traders believe that this cryptocurrency has one of the biggest potentials to increase its value significantly.
Now that the lawsuit has come to an end and we still have to wait to see if the SEC will appeal, the situation is becoming increasingly tense. This is especially true now that many technical analysts are pointing to a massive ascending descending triangle, a pattern that could send prices soaring quickly.
Is this the right time to get in on the right timing? According to cryptocurrency analyst Bobby A, yes. In a post on
A cryptocurrency analyst shared a chart showing his predictions for XRP. Notably, the chart indicates that
Many analysts have pointed to this potential XRP breakout. Some even speculated that this could allow XRP to start its biggest rally ever.
XRP Goals and Predictions
Bobby A’s first target for XRP is to increase the price to $0.8722, which requires a 45% growth from the current price of $0.6014. This also means that XRP will break the long-term downtrend line, which would be very positive news.
Once this milestone is reached, Bobby A expects XRP to target the $1 mark, with targets set at $1.34 and $1.72.
From that point onwards, XRP will initially face significant resistance before it can break through to its all-time high. According to him, only when this level is broken will XRP be ready for a truly spectacular price surge.
The trader explains that once the resistance around XRP’s all-time high is broken, the price could quickly rise to $5.31 and possibly even $13.
However, what’s truly amazing is that $13 isn’t even Bobby A’s highest price target for XRP. The chart also points to a potential price target of $33, which represents a staggering 5,387% growth from the current price.
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