The XRP price is on the verge of a significant breakout, with a top analyst predicting it could reach between $8 and $30 from its current $1.08 level.
A top crypto analyst is predicting a massive breakout for XRP price, with potential to reach between $8 and $30 from its current level of $1.08.
The prediction is based on Elliott Wave patterns, which indicate a major rally for Ripple is on the horizon.
According to the analysis, Ripple’s key breakouts will be at $1.33 and $1.88 in the upcoming price rally. After hitting $1.88, XRP will be set to return to its all-time high of $3.84.
However, the analysis suggests that the next targets for the XRP coin would be between $8 and $30, most likely in this ongoing bull cycle. If this were to happen, Ripple would grow approximately 640.74% to around 2676.85% from the current price of $1.08.
The XRP price is currently showing signs of strength after surging over 640% in the last 3 months. The coin is up 48.16% over the past 7 days and 97.67% in the last 30 days.
However, the coin’s price dropped 4.35% in the last 24 hours, as the broader crypto market showed mixed signals. XRP price is still down around 86% from its all-time high of $3.84, which was attained on January 04, 2018.
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