In a relatively calm market, one of the top XRP-centric analysts has come forward with a bold prediction of a bullish future for XRP.
XRP has not seen a lot of action over the last 24 hours. Currently trading at 0.5056, it is down 0.36% in 24 hours. However, XRP CAPTAIN (@UniverseTwenty) has come forward with some very optimistic views. In a recent post on X, he drew attention to some glaring historical trends exhibited by XRP over the last 9 years.
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Could XRP hit $130?
XRP CAPTAIN has a strong conviction that XRP can cross the three-digit line in the upcoming bullish phase. He pointed out that there was an impending breakout coming. He expects XRP to hit anywhere from $100 to $130, saying he wouldn’t be surprised if it did.
Hitting $100 from its current price would mean over 19,672% in growth. $130 would bump that up to over 25,682% which is nothing short of astronomical.
Can You Imagine The Magnitude When This Breakout Happens💥💥?? I Won't Be Surprised If #XRP Hit 100$ To 130$ In Next Bullrun🚀🚀🚀. #XRP Consolidation 2014 To 2017 VS 2018 To 2024. Full Throttle #XRPHolders #XRPCommunity pic.twitter.com/gm9hLiqh6M
— XRP CAPTAIN (@UniverseTwenty) September 3, 2023
The 6-Year Triangle
XRP CAPTAIN backs up his claims with a market chart depicting XRP’s performance since 2014 when it was trading below one cent. The chart shows XRP experiencing a mostly bearish trend from 2014 to 2017.
In 2018, after an important price convergence, there was a significant leap in the price of XRP. During this period, the digital asset reached an all-time high of $3.84.
This extraordinary growth of over 1,000% was followed by another bearish phase and now, the price of XRP is hovering around $0.5. However, this exact historical pattern might be about to play out again and XRP might experience an upsurge reminiscent of the 2018 rally.
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This is where XRP CAPTAIN gets the confidence for his prediction of a new high of $130. He provides symmetrical triangles on the chart showing the run from 2014 to 2017 and 2018 to 2024, indicating a possible breakout in the coming year.
The analyst is expecting the bull run to begin after this 6-year symmetrical triangle holding pattern. When the upcoming bull run comes, all the signs he has presented are pointing to a new all-time high in 2024 and it will be interesting to see his predictions materialize.
However, it’s advisable for readers to tread softly with proper research when deciding on which digital asset to buy.
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