XRP has now formed another massive bull flag pattern after surging more than 27% on Monday and hitting a new high of $2.86.
Pricing has held strong around $2.70 – $2.75 after breaking its $2.50 level.
A break above $2.78 will send XRP to retest Monday’s high of $2.86.
Further liquidity flooding the cryptocurrency will then bump XRP’s price to its next major level of $3.31, its previous all-time high.
This is going to be a very strong psychological level for many investors as it will play a pivotal role on how much higher XRP goes from here.
While analysts are targeting a $5 – $6 price range for XRP after hitting its previous all-time high, it’s going to be crucial that investors continue to build off of this momentum to reach a new all-time high going into 2025.
For example, we asked AI Poe for both short term and long term price predictions for XRP, and the scenarios are getting investors excited for what’s to come.
AI Poe details that in this current scenario, XRP could achieve short-term price levels between $5 and $10, driven by institutional adoption and favorable market conditions.
Over the long term, if XRP successfully positions itself as a primary solution for cross-border transactions, prices could potentially reach $20 and significantly higher, capturing a significant share of the remittance market.
As XRP continues to rise, the cryptocurrency community is left to ponder its future role in banking and finance.
With regulatory clarity, strong institutional interest, and a supportive community, XRP is well-positioned to redefine its place in the crypto space.
If the stars align, it may just become the digital currency that revolutionizes the way banks operate, solidifying its status as the “Bitcoin for banks.”
XRP is currently trading at $2.72 at the time of this writing.
Be sure to check in daily for more market analysis and breakdowns on XRP.
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Also Read: 2.1 Million XRP Tokens Were Now Executed On Binance
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