XRP Price Analysis: Will XRP go up again? The latest analysis shows strength in XRP’s trend after bouncing from the $1.96 level.
XRP has now formed a bullish ascending triangle after breaking above $2 again.
Whether XRP will go up again will depend on what type of breakout we have within this ascending triangle.
A break above the level of interest at $2.15 will send XRP to retest the following levels:
- $2.19
- $2.21
- $2.31
- $2.40
- $2.50+
However, a break below this ascending triangle will send XRP back down to retest $2.10, $2.07, $2.03, and possible $1.96 if buyers fail to buy up at each level.
What will cause XRP to go up?
XRP’s market cap must surge for the price to rise, as seen during the climb to nearly $3.
Will XRP go up soon?
XRP is now in the best position it has ever been.
The SEC recently dropped the lawsuit against XRP and we are currently in the most crypto-friendly administration we’ve ever been in.
XRP’s short term price action may be seen as the perfect accumulation phase when looking at the cryptocurrency’s long-term outlook.
Analysts predict that if XRP can consistently maintain trading above its significant resistance levels, we could witness a breakout that propels it toward the anticipated milestones of $8.50, $13.70, and even $27.
Patrick Bet-David, the host of Valuetainment notions that XRP has the potential to skyrocket to $100 and even $1,000 per token in a real-world scenario where adoption has grown significantly.
While the short term price of XRP might be keeping crypto investors on the edge of their seats, it’s important to zoom out and dissect where the cryptocurrency is heading.
It’s path has never been clearer and it’s a bullish one.
Investors will need to keep an eye out for the latest developments surrounding the XRP saga.
Luckily for you, Daily Market News by Frank Nez is an approved and official CoinMarketCap news source, known and trusted by millions of investors in the financial markets.
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