Amazing prediction for XRP: Will it hit $200?

Cryptocurrency investors think that Ripple (XRP) will start its bull run as the market gains upward momentum.

Carl “The Moon”, known for his cryptocurrency comments, attracted attention with his recent XRP analysis. Stating that XRP has been traded in a symmetrical triangle (the price moves in an increasingly compressed area. The market continues to move in that direction if the symmetrical triangle breaks) for more than four years, the analyst said that there may be an explosion in the parity.

This symmetrical triangle formed in the technical structure of XRP caught the radar of not only The Moon but also many people. XRP reached its all-time high of $3.84 in January 2018. However, he has not been able to break the symmetrical triangle since then. This situation may herald sharp rises for the major coin.

In a recent comment, analyst Alex Clay argued that XRP has broken the symmetrical triangle pattern and the end of Ripple's legal battle with the SEC could further accelerate the process.

According to Clay, XRP can reach the medium-term targets of $ 1,258 and $ 1.57 in the coming days with the break of the symmetry triangle. The upper target represents a 160 percent increase from the current $0.60.

Meanwhile, in the long term, Clay expects $XRP to reach $3.10, a 416 percent increase from its current market value. Clay's ambitious target still falls short of the 2018 ATH. Other analysts have pegged a potential $200 value for XRP after a successful breakout, citing the meteoric rise that took XRP to its 2018 ATH.