JackTheRippler (@RippleXrpie), a well-known cryptocurrency analyst, recently shared a compelling XRP price chart, signaling a potential breakout to new highs. The chart, which depicts XRP’s price movement against the U.S. dollar, highlights a distinct ascending pattern, suggesting a bullish continuation.
The chart shows a series of higher lows and higher highs, forming what appears to be a breakout structure. The upward trendline indicates a strong support level, with price action consistently bouncing off it. Based on this formation, the projected trajectory suggests an imminent move above the $3.60 level, with the possibility of further gains if the trend holds.
At the time of the post, XRP was trading at approximately $2.65. However, the positioning of the price above the established support line and the consolidation near the trendline suggests that buyers are preparing for a move upward. Analysts have been spotting bullish patterns on XRP’s chart recently, and a significant price increase could be imminent.
It’s great to see a breakout pattern for #XRP.
Prepare for new highs!
pic.twitter.com/9M7nzh9bWt
— JackTheRippler ©️ (@RippleXrpie) February 18, 2025
Market Sentiment and Outlook
JackTheRippler has been vocal about XRP’s bullish potential, often sharing insights that align with broader market expectations. His recent statements reinforce optimism around XRP’s price trajectory. According to him, traders should prepare for new highs because of this new breakout pattern.
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Other analysts have echoed this sentiment, with one well-known expert sharing his expectation that the asset will surpass $13 soon. JackTheRippler has also shared a similar target. In a recent analysis, he told the community that XRP is preparing for a major breakout.
His analysis showed that XRP is mirroring its performance from 2017, and he believes this pattern could send the asset to $12.5. With growing institutional interest and favorable market conditions, the digital asset could surpass this target significantly.
Institutional Interest and Broader Implications
Beyond technical analysis, the digital asset also sees growing interest from financial institutions, particularly in Japan. David Jevans of Rakuten recently stated that almost every bank in Japan is starting to work with XRP, indicating increasing real-world utility for the cryptocurrency.
Many positive factors are working in XRP’s favor, and the technical structure shown in JackTheRippler’s post strongly suggests that XRP is positioning itself for a significant price move. With a well-defined trendline supporting the price and bullish sentiment building among analysts, XRP traders are watching closely for a breakout in the immediate future.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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