Ripple’s Potential Upswing: Analyst Forecasts $4 Price Target After Resistance Breakout
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XRP Bullish Breakout Imminent: Analyst Predicts $4 Target
According to a prominent analyst, the price of XRP is expected to undergo a bullish breakout, potentially surging to reach the target of $4.
The analyst points out that XRP has been consolidating in a bull flag pattern for some time now. However, once it clears the key resistance point at $2.60, the token’s price may see an explosive upward movement.
As seen on the chart, the token’s price is currently hovering around this crucial resistance point. If the price manages to breach this barrier, the analyst believes that XRP will be “off to the races,” aiming for a target of approximately $4.
The analyst highlights the significance of clearing this particular resistance level, stating that once achieved, the momentum will shift in favor of the bulls.
Source: http://www.cryptonewsz.com
