$XRP

The XRP price chart indicates a target of $20.

The price of XRP has recently reached multiyear peaks of $3.66; however, technical indicators imply that there is further potential for growth.

Various XRP charts indicate a possible "explosive" movement, aiming for a range of $7 to $20, contingent upon the breaking of significant resistance levels.

The monthly chart illustrates that the XRP price is confirming a bull pennant pattern, while encountering resistance at the all-time high of $3.84.

A bull pennant is a continuation pattern that emerges following a substantial increase, succeeded by a consolidation phase at the elevated end of the price range.

A monthly close exceeding the upper trendline of the pennant at $2.55 will facilitate XRP’s ascent towards the target of the pattern, which is above $18, signifying a 417% rise from the current price.