$XRP Price Prediction: Analyst Suggests New Pattern Could Trigger 60,000% Surge; $7 on Cards - CoinPedia Analytics

Analyst Zach Humphries suggests XRP is showing promising signs for a major breakout, despite the lawsuit that began in 2020. With a bull flag pattern forming, XRP could potentially reach $3.84 or higher, with a target of $7.50 if key levels are broken. XRP has been trading below its all-time high of $3.84 for over 2,400 days, largely due to the ongoing legal issues.

The bull flag pattern, marked by a strong uptrend and subsequent consolidation, historically indicates significant future price movements. While a massive increase like the previous 60,000% surge is unlikely, a 10 to 15 times increase is possible.

The 4.236 Fibonacci extension suggests a potential target of $16, though this would require a 25x increase from current levels. More conservatively, XRP reaching $5 to $7 is feasible, representing a 10x increase.