Ripple (XRP) just broke out of an 8-year bullish pattern, sparking hype that it could hit a long-term target of $200. This optimistic projection, grounded in technical analysis, has caught the attention of investors everywhere.

As of Dec. 10, data from CoinMarketCap shows XRP trading at $2.25, down 7% in the last 24 hours. Despite this dip, XRP has skyrocketed 283% in the past month, smashing through key resistance levels. On a weekly basis, it’s down 15%, showing some correction, but the annual performance still stands at a staggering 242% gain.

A year ago, XRP was hovering around $0.50. Fast forward to today, it’s well above $2.20, reflecting growing trust and demand from investors. Experts suggest that if this rally keeps its momentum, XRP could climb to $200 by 2025.

According to analysis from crypto outlet CoinGape, XRP has recently broken out of a bullish flag pattern that’s been forming for 8 years. This technical structure, which consolidates after an initial surge, typically signals a massive breakout.

XRP’s previous flagpole saw a jaw-dropping 54,000% gain, and based on historical trends, this breakout points to a potential target near $200. While theoretical, this shows the token’s significant upside in the long term.

The buzz around XRP coincides with Bitcoin smashing the $100K milestone, which has injected bullish energy across the crypto market. Major altcoins like BNB and SOL are also riding this wave, amplifying the positive sentiment.

Still, some analysts are setting their sights on a more modest $5 target for XRP in the short term, especially as external factors like the U.S. presidential elections and the ongoing SEC lawsuit could sway its trajectory.

Bottom line? Ripple’s breakout and the broader market euphoria suggest XRP could be on track for massive growth. Investors are keeping their eyes on the charts and the market landscape, ready to ride the wave. 🌊