It’s a surprising performance for XRP in the crypto market today, alone spiking over 7% during the weekend rally led by Bitcoin’s attempt to breach the $65,000 mark.
XRP made a high of $0.6304 but closed a bit lower at $0.6131. Even the slightest drop in this asset seemed to not deter its upward momentum, which continues to gain much attention.
Analysts are highly positive about the future of the altcoin, estimating a price increase of 25% in the next three months. The top analyst, Bobby A, believes that the value of XRP could go as high as $33. The reason for this projection by experts includes such technical bullish signs and strong momentum in the market.
According to Bobby A, the formation of this breakout pattern on the monthly chart may be what XRP needs to drive a substantial price surge once it finally breaks above current resistance levels.
An explosive charge ready to go high order. #XRP pic.twitter.com/93zeWYKgSh
— Bobby A (@Bobby_1111888) August 24, 2024
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