XRP could breakout in 8-10 weeks
Given the price action, Crypto Rover in its latest analysis stated that XRP will record a successful symmetrical triangle breakout in the next eight to ten weeks. Thus, the breakout schedule is mid-to-late March.
While Crypto Rover was unable to set any price target, other analysts have made bullish price predictions for the asset. Meloneusk, a well-known market watcher, predicts that XRP could reach $1,042 in the near future. The analyst, among other indicators, named the ascending channel on the daily chart.
Despite a solid bullish long-term outlook, XRP continues to underperform in the short term. The token is down 2% in the last 24 hours and 7.69% in the last week. XRP is currently trading at $0.5405, requiring a 92% rise to reach $1.042.
