Throughout the month of October, Ripple (XRP) coin remained in a bearish condition, pricing below $1 like it has been since the start of the year. However, November 16 marked a turning point for the legally-estranged payment network, when its price took a surprising leap above $1. After this, XRP price continued its ascent, hitting $2 on the 1st of December and a year-to-date peak of $2.82 on the 3rd.

This steep, yet gradual rise formed a bullish flag for XRP tokens, inciting confidence in XRP holders, as many believe that there is more growth to be seen. Despite its current 7% weekly dip, Ripple still holds bullish momentum while trading within $2.34 and $2.02 weekly range. For the record, XRP price is currently only 40.9% below its ATH.

Interestingly, Armando Pantoja, a renowned crypto investor has highlighted possible reasons why Ripple price will grow to $2.89 very soon and then hit $3, $4, $8 and then $10 thereafter. The investor particularly pointed out Ripple’s RSI which is at 43.27, which means XRP is neither overbought or oversold, further suggesting a potential breakout. #BtcNewHodler $XRP