Ripple (XRP) Eyes $1 Breakout as Bullish Pattern Suggests 114% Gains

In
This
Post:

1. XRP
   could
   replicate
   past
   breakouts
   and
   target
   $1.08,
   a
   potential
   114%
   gain.
2. The
   price
   shows
   strong
   support
   between
   $0.43
   and
   $0.48.
3. Breaking
   the
   $0.53
   resistance
   is
   critical
   for
   further
   growth.Ripple’s
   (XRP)
   price
   is
   showing
   signs
   of
   a
   strong
   rise,
   with
   a
   chance
   of
   breaking
   the
   $1
   mark
   soon.
   A
   pattern
   seen
   in
   2017
   and
   2021
   suggests
   XRP
   could
   rally
   again.
   The
   current
   price
   of
   XRP
   is
   $0.53,
   and
   traders
   are
   watching
   if
   it
   can
   break
   key
   resistance
   levels.

   XRP’s
   Price
   Pattern
   Hints
   at
   a
   Rally

   In
   both
   2017
   and
   2021,
   
   XRP
   rallied
   after
   forming
   a
   similar
   price
   pattern.
   Back
   in
   March
   2017,
   XRP
   was
   worth
   only
   $0.0062.
   It
   formed
   a
   descending
   triangle,
   then
   a
   strong
   upward
   move
   took
   it
   to
   $0.020.
   This
   breakout
   led
   to
   XRP’s
   price
   surge
   above
   $2
   by
   the
   end
   of
   that
   year.

   A
   similar
   event
   happened
   in
   2020,
   when
   XRP
   jumped
   from
   $0.15
   to
   $1.55
   in
   just
   a
   few
   months.
   Now,
   XRP
   is
   showing
   a
   similar
   setup.
   With
   solid
   support
   between
   $0.43
   and
   $0.48,
   XRP
   may
   be
   preparing
   for
   another
   big
   move.
   If
   this
   pattern
   repeats,
   XRP
   could
   rise
   by
   114%,
   reaching
   $1.08.

   Money
   Flow
   Index
   Shows
   Growing
   Strength

   The
   
   Money
   Flow
   Index
   (MFI)
   is
   another
   important
   indicator
   that
   suggests
   a
   price
   rise.
   The
   MFI
   tracks
   the
   flow
   of
   money
   into
   and
   out
   of
   XRP.
   In
   2017,
   the
   MFI
   dropped
   before
   XRP
   made
   a
   big
   move.
   The
   same
   thing
   happened
   in
   2020,
   right
   before
   XRP
   broke
   above
   $1.

   Right
   now,
   the
   MFI
   is
   showing
   a
   similar
   trend.
   If
   it
   repeats,
   XRP
   could
   rise
   above
   $1
   in
   the
   coming
   months.

   First
   Target:
   $0.58
   Before
   Bigger
   Gains

   Before
   aiming
   for
   $1,
   XRP
   needs
   to
   break
   the
   $0.53
   resistance.
   This
   is
   a
   key
   level.
   According
   to
   the
   daily
   chart,
   if
   XRP
   can
   break
   past
   this
   point,
   it
   could
   first
   rise
   to
   $0.58.

   If
   it
   fails
   to
   break
   $0.53,
   XRP
   could
   drop
   back
   to
   $0.50.
   If
   that
   happens,
   the
   price
   might
   continue
   falling
   to
   $0.46.

   However,
   for
   now,
   XRP
   is
   holding
   its
   ground.
   The
   next
   few
   days
   will
   be
   crucial
   for
   the
   price.
   Traders
   are
   keeping
   a
   close
   watch
   on
   the
   $0.53
   resistance.
   If
   XRP
   breaks
   through,
   it
   could
   be
   on
   its
   way
   to
   $1.

    

   ---

   Looking
   Forward

   
   Ripple’s
   (XRP)
   price
   is
   showing
   signs
   of
   a
   possible
   breakout,
   similar
   to
   patterns
   seen
   in
   2017
   and
   2021.
   XRP
   has
   strong
   support
   between
   $0.43
   and
   $0.48,
   but
   it
   needs
   to
   break
   the
   $0.53
   resistance
   to
   keep
   moving
   up.
   If
   it
   does,
   the
   price
   could
   climb
   to
   $1.08,
   representing
   a
   potential
   114%
   gain.
   However,
   if
   XRP
   fails
   to
   break
   $0.53,
   the
   price
   could
   fall
   back
   to
   $0.50
   or
   lower.
   Keep
   an
   eye
   on
   this
   critical
   level
   to
   see
   where
   XRP
   is
   heading
   next.