The analyst predicts that XRP will rise to $130 in 2024!!!
Captain XRP, a cryptanalyst and prominent member of the XRP community, made this prediction after observing XRP price movements since 2017. He presented a weekly chart detailing the formation of a symmetrical triangle.
XRP forms a symmetrical triangle
The chart data shows that XRP has been trading inside this symmetrical triangle for the past six years, forming the lower trendline of the triangle since March 2017.
XRP 1W Chart | Captain XRP
Notably, XRP has seen impressive growth since the start of 2017, ending the year with notable gains. The rally continued into 2018, leading to an all-time high of $3.31 in January 2018. As the asset continued to make higher lows during the 2017 rally, it formed the lower trendline of a symmetrical triangle.
The top trendline of the triangle formed as XRP crashed from an all-time high of $3.31. After falling below this threshold, XRP was unable to regain its price. Instead, the asset showed a steady decline
