Ripple's XRP Likely to Leap to $10 After 7 Years of Huge Accumulation
Despite market volatility and Ripple's ongoing legal battle with the US Securities and Exchange Commission (SEC), XRP appears poised for a significant turnaround. Analysts predict prices will skyrocket after nearly a decade of accumulation. #Xrp🔥🔥
On May 13, analyst U-Copy tweeted that XRP is approaching the final stages of forming a triangle pattern. This shows that the 7-year accumulation period from 2018 to 2024 is coming to an end. According to U-Copy, this accumulation phase will likely reveal XRP's true potential in the 2024 bull cycle.
Notably, following the historical trend, after completing the 2013-2017 accumulation period, XRP spiked from around 0.005 to $2.50, corresponding to a whopping increase of nearly 500,000%. This time U-Copy predicts a similar trajectory and emphasizes that the current accumulation phase is longer than the previous one. The analyst further predicts that XRP price will increase significantly until the end of the year.
“Seven-year accumulation from 2018-2024 will begin to show the true color of XRP in the 2024 bull cycle. Target price unknown but could see a big breakout in this bull cycle until December ”.
