$XRP

🚨 XRP Set for 120% Rally, Analyst Predicts 🚨

Following the token’s recent optimistic outlook, crypto analyst Captain Faibik has projected a huge rally in the XRP cryptocurrency that could lead it to the $5 mark. Faibik’s chart analysis shows that the cryptocurrency once had a major breakout in mid-June 2024, with the ceiling near $3.40.

This level served as strong resistance, halting the bullish momentum and forming a retracement, which created a falling wedge pattern, which is mostly considered a bullish reversal pattern. Though downward pressure may have been close to pushing XRP beneath the wedge’s lower boundary, the token has remained within the pattern and consolidated upwards.

Moreover, the latest analysis shows that XRP has successfully closed over the wedge’s upper trendline, indicating a bullish breakout. At press time, XRP’s price is $2.28, up 10 percent from $2.06 at the week’s low.

Captain Faibik foresees that if the bullishness endures, XRP could rally to the $5 area, roughly a 120% increase from its current price. Faibik further emphasized on social media, “Another Bullish Rally incoming so Don’t miss the Ride,” underscoring the growing optimism among market observers.

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