Ali (@ali_charts), a well-known crypto analyst who accurately forecasted XRP’s recent rally to $3, now projects a bullish target of $15. His prediction comes after observing a breakout from a symmetrical triangle pattern on XRP’s monthly Chart. This breakout, often indicative of a long-term bullish trend, suggests substantial upside potential for the cryptocurrency.
The symmetrical triangle, which developed over several years, signals market consolidation before a major price movement. XRP’s breach of this structure aligns with historical patterns, reinforcing the likelihood of a continued upward trend. With this breakout, XRP seems poised for new highs, attracting significant attention from the crypto community.
Also Read: XRP Rockets by 47% Despite SEC Opening Brief, $10 Next?
XRP’s Path to $15
XRP’s journey to $15 will depend on its ability to maintain current momentum and surpass key resistance levels. Analysts have identified intermediate milestones at $5 and $10, which are expected to act as psychological and technical barriers. Clearing these levels could pave the way for XRP to achieve the ambitious $15 target.
Source: @ali_charts
Technical indicators further support this projection, with the Bollinger Bands on XRP’s daily Chart expanding to indicate heightened volatility and potential for larger price swings. Meanwhile, the MACD shows a bullish crossover, with the MACD line moving above the signal line, reinforcing upward momentum.
The recent surge in trading volume also validates the breakout, suggesting strong market interest and participation.
Source: Tradingview
At the time of writing, XRP is exchanging hands at $3.31, marking an increase of 7.04% within the last 24 hours. This increase highlights the strong bullish sentiment surrounding XRP as it gains further traction in the market.
Conclusion
The expert prediction of XRP’s rise to $15 highlights the cryptocurrency’s growing potential following its breakout from a symmetrical triangle pattern. While optimism remains high, the Path to $15 may face challenges, including market volatility and resistance level.
With strong momentum and supportive technical indicators, XRP’s upward trajectory has positioned it as a focal point in the cryptocurrency market, attracting attention from both institutional and retail investors.
Also Read: John Deaton Reflects on Accurate XRP Prediction as Token Hits Seven-Year High
