XRP is signaling a potential breakout to $2-$3 after multiple attempts.
Analysts predict a 500% surge, possibly reaching $3.31 and beyond.
A bullish ‘Nike Swoosh’ pattern hints at a long-term target of $13.
The sentiment for a greater Bitcoin cycle top that could go over $220,000 has fueled greater bullish sentiment for a green Q4 and an explosive altseason. Altcoins are already mirroring this bullish sentiment as more and more altcoin charts show multiple bullish indicators. XRP, ADA, JASMY, SHIB, and DOGE are some of the altcoins showing bull signs.
Altcoins Prepare for Monumental Surge
In particular, for Ripple’s XRP, the asset has made several attempts to break out of its current price range since late July 2024. This altcoin has been showing the tightest Billinger bands the likes of which led to the 2017 price spike. This leads many analysts to believe that a potential surge back to $2-$3 will arrive soon for XRP.
https://twitter.com/JavonTM1/status/1838788942625145009
Adding on, one analyst believes a sustained breakout could be imminent, sparking the massive growth many have been anticipating. With XRP confirming multiple Hidden Bull Divergences, some experts suggest that the cryptocurrency could see a 500% climb, potentially reaching the $3.31 range.
XRP Price Set for $3 Price Spike to $13
More significantly, one analyst, Egrag Crypto says that XRP may finally break through a 7-year resistance trend, setting the stage for long-term gains. In detail, he shares a bullish pattern resembling the ‘Nike Swoosh’ emerging on XRP charts, with a target price of $13.
https://twitter.com/egragcrypto/status/1838841296561066271
This has led to bullish responses and heightened reactions from the XRP Army and the greater crypto community. Ever since the successful conclusion to the SEC vs Ripple case, XRP has been poised for a major rally. It is expected by many for Q4 to usher in green pumps along with altseason. Perhaps this is when XRP will begin to set new ATHs.
The post $13 XRP Price Target Comes into Play as XRP Price Chart Nears Completion of Nike Swoosh Pattern Formation appeared first on Crypto News Land.
