XRP Price Prediction: Triangle Breakout Could Hit $8-$10
XRP price prediction by analyst JackTheRippler highlights a potential breakout from a symmetrical triangle pattern on the daily chart. Trading between $2.50 and $3.50 on Bitstamp, XRP currently sits at $3.04. The technical analysis suggests a decisive move above resistance could trigger a surge to $8-$10, reflecting a more than double from current levels. This XRP price prediction echoes his early call at $0.10, and community sentiment remains bullish. Traders should watch volume and broader crypto trading trends, as market adoption and investor optimism will be key to validating this breakout scenario.
Bullish
JackTheRippler’s analysis identifies a converging symmetrical triangle pattern, a formation that historically precedes strong XRP price rallies. For example, a similar daily triangle in late 2020 led to a 60% surge in early 2021. His $8-$10 target implies over 160% upside from current $3.04 levels, likely drawing momentum and breakout traders. In the short term, a confirmed breakout above $3.50 resistance could spark rapid buying and heightened volatility. Over the long term, broader market sentiment and real-world XRP adoption will determine sustained growth. Overall technical indicators and community optimism suggest a bullish market impact.