Ripple (XRP) is now eyeing new price levels, the ambitious one on top of it all. The token is now targeting new bullish price levels, pursuing these price spots in real time, especially in a short-term scenario. One analyst has come up with a breakthrough XRP price analysis, delivering major short-term gains that the token is currently placing its bet on. Are investors positioned for these gains that the token may soon usher in to enjoy the profits? Let’s find out.
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XRP: New Short-Term Price Targets Revealed
According to a notable cryptocurrency analyst, Ripple Van Winkle, XRP has recently broken out of the symmetrical triangle, a development that the token has been trapped in since July 2017. Now, XRP has started to carve its own narrative, sending bullish signals across the market.
The XRP weekly chart is also showing a strong bullish momentum building. This momentum is signaling a shift to $3.38, which can later traverse to $5 if Ripple manages to break the resistance that it may encounter at the $3.40 price level.
“XRP could be on the verge of an epic move. A long-term technical breakout has some traders eyeing $11 as the next big target. Here’s what’s happening. 1/ For nearly a year, $XRP was trapped in a symmetrical triangle. Price squeezed tighter and tighter until July—when it finally broke past the upper resistance. That’s when the tone shifted from neutral to bullish. 2/ The weekly chart shows XRP hit $3.38 before easing to $3.22. This isn’t weakness—it looks like a bullish flag: a pause before the next surge. 3/ Key levels ahead: $3.40 → First resistance. $5.75 → Major Fibonacci target. $11.20 → 1.618 extension, the ultimate bullish goal.
The token is now eyeing three major price moves with a spike to $11 on cards for the token to bank on.
Major Drivers of This Change
Several factors have now been transforming XRP, including the buzzing ETF mix. The companies have long been exploring XRP ETF momentum, which, once approved, could revolutionize XRP adoption. Moreover, with the growing stablecoin market practices, Ripple’s RLUSD is now targeting a bigger audience, attracting heavyweights such as Vivopower’s stake into Ripple Labs.
Also Read: Ripple XRP May Have More Room For Growth Than Bitcoin: Here’s Why
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