#XRPETF Price Analysis of XRP

The price of XRP has broken out of a descending consolidation pattern. This could lead to a rise to $8.08, which will become a new all-time high (ATH). Key points:

XRP has surpassed important moving averages (MA), including the 200-day simple moving average (SMA).

Technical analysis shows bullish momentum supported by key Fibonacci retracement levels.

A rise to $8.08 implies an increase of 1,380% from the current ATH of $3.84.

Short-term price targets: $2.29, $2.5, $2.71, and $3.01, with resistance at $3.4.

The analyst recommends patience, as the path to $6-$8 may take several months.

Despite market volatility, the breakout confirms that XRP is entering a multi-month bullish cycle with expected long-term growth.