- Altcoin XRP shows clear potential for $15 ATH target.
- When will the massive surge occur for the Ripple native token.
- The price action of XRP suggests a new bullish path opening.
The crypto market sees a continued upswing as BTC and ETH maintain bullish price levels at $79,000 and $2,500, respectively. At the moment, experts are certain that the bear market is over and hope to see the market turn aggressively bullish. Once BTC surpasses $84,000, ETH will surge to $3,000 and altcoins will follow. Presently, altcoin XRP shows clear potential for $15 ATH target, but when will the massive surge occur?
Altcoin XRP Shows Clear Potential for $15 ATH Target
Presently, the price of XRP is trading at $1.41 showing that the asset is up by over 1%. XRP is also up by over 7% in the last 7 days and up by over 30% in the last 30 days. Yet, despite these recent gains, the asset is still down by over 52% over the last year. In recent weeks, the expectation was for XRP to bottom at $0.87 to make a clear final wave up towards higher targets until new ATHs could be met.
With the fact that XRP is now trading at a much higher target, it seems unlikely that the asset would drift back down to bottom at a price below $0.90 anytime soon. These moves have now led experts to look at the charts for different perspectives and possibilities. Presently, the asset is trying to reclaim $1.78 and turn this long time resistance level into a support level. Once this is accomplished the price of XRP could revisit $1.65 at the lowest.
When Will the Massive Surge Occur
The expert went on to say that if this price action occurs then XRP may very well be working on a new trend. When explaining what this new trend could look like, the expert says a new support level could change the game in such a way that it would mean the price of XRP may never sink below the $1.2 price range ever again. For now, the expert continues to watch the resistance test levels closely.
Meanwhile, other reputed crypto experts and analysts go on to look at their most bullish forecasts. As we can see from the post above, this reputed analyst and XRP enthusiast says he is currently seeing signs of another substantial upside move for XRP. In detail, he says that the current structure is showing signs of a breakout from a smaller bullish wedge/flag formation, which could initiate a major continuation above the current ATH and towards $15.
To specify, he says that $15 is a measured-move target and what makes this interesting is what happened in 2017. After breaking out of a much larger structure in 2017, XRP reached a similar measured-move objective, before going on to greatly exceed it. Today, XRP is holding a breakout of an extremely similar larger structure. If this structure continues to hold and the smaller formation confirms its breakout, we could see XRP enter a massive, pump pf over 875% continuation move both to and above the $15 mark.
