XRP price of $6 is possible
CoinsKid has noted that XRP is currently showing what is known as an ‘rising triangle’ pattern on the chart. This pattern could indicate an impending three-wave breakout, which could significantly increase the value of this cryptocurrency. This trend is of particular importance given the current volatility in the crypto market and the potential recovery of the US dollar. If these factors come together, XRP could rise to a high of $6 by the end of 2023, according to CoinsKid.
In theory, big wave #3 should have the strength to break through the April 2021 high and possibly even reach the all-time high (ATH) for XRP. So relax and stay calm, and just let the next few weeks take their course as it is obviously very volatile.
At the time of publishing, XRP is trading at a price of $0.74. This represents a decrease of 4% over the past 24 hours. However, despite this short-term decline, the cryptocurrency maintains impressive gains of 56.84% last week and 53.44% last month.
Conclusion
All in all, despite some short-term fluctuations, XRP’s performance in the crypto market remains impressive. The favorable outcome of the lawsuit and the possible upcoming trends identified by experts, such as the ascending triangle and the potential three-wave breakout, point to a bright future for this cryptocurrency.
While XRP can show a lot of volatility in the short term, the long-term picture looks promising according to analysts like CoinsKid. Investors are advised to remain calm and let the market take its course. The coming year could be an important period for XRP, and it remains an interesting coin to keep an eye on.
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