- Ripple’s XRP price prepares for bullish breakout.
- The altcoin’s chart shows similar patterns to that of the 2017 bull pump.
- Analysts expects a much higher pump for XRP which could take the price to $99.
Ripple’s XRP saw two massive price pumps this bull cycle and the price has been steadily holding around the $2 price level since then. Yet, XRP still hasn’t reclaimed its previous ATH price. This may come soon as analysts highlight how XRP price prepares for bullish breakout soon.
Seasoned analysts expect Ripple’s XRP to pump to spectacular new ATHs this bull cycle. The long-awaited event has been delayed since 2017 due to the case with the SEC. XRP pumped twice since the case concluded in favor of XRP, but the altcoin has yet to set a new ATH this bull cycle.
XRP Prepares for Bullish Breakout
As we can see from the post above, that new ATH moment may finally be within reach for XRP. The analyst in the post draws light to how XRP broke out of a pattern in November 2024 and how this pattern looks similar to that of the bullish breakout pattern in 2017. The analyst says this pattern was over two times larger.
$99 Per XRP Token?
Furthermore, the analyst concludes saying a much higher climb than expected may be on the horizon for XRP. The same analyst also hints at what he means by a much higher climb for XRP price in another post. As we can see, the post above shows how the analyst expects XRP to climb up to $99 per XRP token.
