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How XRP Price Could Rise To $3

As highlighted by World of Charts, XRP has experienced a “very long consolidation of “symmetrical triangle“, but that could change as the 3-day timeframe suggests that a breakout will occur soon enough. The analyst predicts that XRP will rise to as high as $3 when this breakout happens.

This isn’t the only indicator painting a bullish narrative for the crypto token, as crypto analyst Jaydee recently revealed that XRP had broken out of a six-year trendline. Interestingly, the analyst also hinted that XRP would hit $3 with this breakout occurring. Meanwhile, these predictions have undoubtedly revived the bullish sentiment on the crypto token.

XRP hitting $3 is possible, considering that its all-time high (ATH) stands at $3.80. Bitcoin hitting a new ATH also paves the way for altcoins to make a run of theirs and surpass their current ATH. 

XRP also looks long overdue for a new ATH since its ATH came in 2018. The crypto token didn’t see any significant gains in the 2021 bull run, possibly due to the regulatory uncertainty, which made it less attractive to investors. Having now achieved legal clarity, XRP looks set to make a comeback in this market cycle. 

Another Bullish Indicator For XRP

Crypto analyst Egrag Crypto recently highlighted XRP’s three-month chart and noted it was very bullish for the crypto token. He laid out a scenario where XRP could rise to “double digits in no time and three digits” at the peak of this bull run. In the accompanying chart he shared, Egrag hinted at XRP hitting $27 and eventually rising to $107.

The $27 mark is one target the crypto analyst has mentioned at different times as his peak XRP price prediction for this market cycle. However, the $107 mark is a new development and will definitely excite all.

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