Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs
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Crypto analyst Mikybull Crypto has identified a bullish pattern that could send the XRP price to new highs. The pattern, called a bull pennant, indicates a continuation of an uptrend after consolidation. Mikybull Crypto shared on X (formerly Twitter) that XRP could rise above $1, given this pattern.
A rise to $1 would mark a significant milestone for XRP, as it hasn't reached this price since 2021. The analyst believes XRP could even hit $4 if it follows a pattern similar to its 2017 rally.
The XRP token is currently consolidating around the $0.60 range. However, the bullish pattern suggests it is well-positioned to continue its upward movement. Additionally, factors such as the ongoing legal battle between US SEC and Ripple may serve as catalysts for further growth.
As of now, XRP is trading at around $0.59, slightly down by almost 2% in the last 24 hours according to CoinMarketCap data.
Sumber: www.newsbtc.com ↗
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