XRP has claimed four of its previous price targets, with analysts identifying levels to start taking profits. Since the Donald Trump election victory in early November, XRP has been riding a bullish wave, rallying by over 283% and maintaining the upward push.
A recent analysis by Cryptobilbuwoo highlighted a parabolic curve pattern guiding XRP’s recent price action. The analyst notes that four major targets have already been achieved, including $0.64, which was breached on November 12, and $1.13, reached on November 17.
Cryptobilbuwoo anticipates further upward momentum, identifying $3.3 as the next target, with more ambitious targets stretching as high as $589. Another analyst, Levi, notes that XRP exhibits a similar trajectory to Tesla’s stock, which skyrocketed after resolving an SEC lawsuit.
Industry pundits also hold this sentiment, suggesting that XRP could sustain its uptrend and potentially reach new all-time highs. Market commentator Harry confirmed the importance of mounting buy-side pressure and a consolidation pattern forming a flag, predicting a sharp rally to new heights if the flag breaks to the upside.
Source: https://thecryptobasic.com/2024/12/08/top-analyst-reveals-new-xrp-profit-levels-at-6-15-and-26-6-after-hitting-4-targets