An analyst recently discussed the current state of XRP’s price, highlighting key developments that could signal a major breakout. Despite extensive delays and the impact of a lawsuit initiated in 2020, XRP is showing promising signs.
One of the most significant indicators is a bull flag pattern, which often precedes substantial upward price movements. If this pattern holds, it could push XRP to new all-time highs.
According to the analyst, this pattern could trigger a mammoth 60,000% surge in XRP's price, potentially pushing it to $7. These projections offer a potential timeline for when investors might expect these gains.
While there are various factors at play, including broader market conditions and regulatory developments, the current technical indicators are fueling optimism among analysts and investors alike.
