The XRP price is having a great time as it is on track for the third consecutive weekly gain. It has jumped above the crucial resistance at $1, raising the possibility that it will soar to its year-to-date high of $1.98. So, with the fear and greed index rising, will the Ripple price jump and hit $10?
Will Technicals Propel XRP Price To $10?
Crypto analysts are optimistic that XRP price is primed for a strong bullish breakout in the near term, with some expecting it to get to $10.
One of the most bullish cases has been that the coin has formed a seven-year bullish pennant, which is characterized by a long flag pole and a symmetrical triangle pattern. In most periods, this pattern leads a strong bullish breakout.
In an X post, Crypto Michael, a popular analyst with 55k followers, noted that he was fascinated by Ripple’s seven-year bullish pennant pattern. As such, he expects that the coin will have the most significant bullish breakouts in crypto history.
XRP Price Pennant Monthly
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