XRP is indicating a potential breakout to $2-3 after multiple attempts.
Analysts expect a 500% rise, possibly to $3.31 and more.
The bullish Nike Swoosh pattern points to a long-term target of $13.
The feeling that Bitcoinâs cycle is going higher and could surpass $220k has fueled a greater bullish sentiment for a green Q4 and an explosive alt season. Altcoins are already reflecting this bullish sentiment as more and more altcoin charts are showing multiple bullish indicators. XRP, ADA, JASMY, SHIB, and DOGE are some of the altcoins showing bullish signs.
Altcoins are poised for a massive surge
In particular, for Ripple XRP, the coin has made several attempts to break out of its current price range since late July 2024. This altcoin has shown the narrowest of Billinger ranges that led to the price spike in 2017. This leads many analysts to believe that a potential rally to $2-3 is coming soon for Ripple XRP.
Additionally, one analyst believes that a sustained breakout could be imminent, sparking the explosive growth that many have been anticipating. With XRP confirming several hidden bullish divergences, some experts suggest that the cryptocurrency could see a 500% surge, potentially reaching the $3.31 range.
XRP price is fixed at $3, price rises to $13
More importantly, one analyst, Egrag Crypto, says that XRP could finally break through its 7-year resistance trend, paving the way for long-term gains. In detail, he shares a bullish âNike Swooshâ-like pattern emerging on XRPâs charts, with a price target of $13
This has led to a bullish response and growing backlash from the XRP army and the larger crypto community. Since the successful conclusion of the SEC case against Ripple, XRP has been poised for a major rally. Many are expecting Q4 to see greenback pumps along with the altcoin season. This could be the time when XRP will start setting new highs.
