The XRP price has been moving within a narrow bandwidth for months, but according to technical analysts that will soon be over. Several experts point X at a crucial turning point that XRP can possibly send to new record heights.
XRP course is approaching the end of consolidation phase
According to Technical Analyst StepH, Crypto is working on completing a symmetrical triangle, a pattern that often precedes large price movements. The trend lines in his graph, which are getting closer together since January, indicate an approaching outbreak. According to him, he could send XRP towards a rate of $ 4.20.
Casitrades, another well -known analyst, also sees the symmetrical pattern and predicts that an outbreak will take place before June 16. If XRP succeeds in breaking the trend line, StepH expects the price to rise considerably.
Course targets up to 23 dollars?
Not only Steph and Casitrades are optimistic about XRP. Other analysts also provide a possible rally, with some even calling a target of 23 dollars. That prediction is based on multi -year patterns that indicate a historic price trend, in which XRP would surpass its earlier record highs.
The coming days will be decisive. If the outbreak from the triangle is powerful enough, this can be the start of a new phase with substantial price increases.
Source: https://newsbit.nl/xrp-koers-staat-op-knappen-analist-voorspelt-uitbraak-naar-420-dollar/
