An analyst known under the pseudonym JackTheRippler has made a prediction for an incredible rise in the XRP cryptocurrency rate to $271.
XRP is preparing for a parabolic growth phase. The coin's price may reach triple digits next year, JackTheRippler wrote.
The expert drew an analogy with the bull rally that began in 2017 after breaking through the contracting triangle on the XRP price chart. According to JackTheRippler, if a similar situation occurs next year, the cryptocurrency will rise in price to $271.2.
XRP price growth on chart by JackTheRippler
Bulgarian XRP investor Ivelin Tenev responded to JackTheRippler's post, saying that XRP will soar even higher and break the $271.2 mark. Ivelin is convinced that the upcoming bull run will surpass the previous uptrend that started in 2017 because XRP is now used by many more people and organizations.
The fact that XRP has gigantic potential has been acknowledged even by the coin’s critic, macro analyst Raoul Pal. In September, he advised members of the crypto community to get rid of the cryptocurrency issued by Ripple. But Raoul was wrong, and the XRP rate has increased more than fivefold in the last month. This fact forced Pal to praise the resilience of XRP owners, who “went through hell” but did not sell the coins and made impressive profits.