Ripple (XRP) could be on the cusp of major upside targets between $4 and $470 if it follows through on bullish chart patterns that analyst CryptoBull details. After three previous extended consolidations erupted, a fourth in its late stage now may do the same.
CryptoBull notes XRP has formed a series of symmetrical triangle accumulation patterns that lasted multiple years before giving way to parabolic advances. In each case, Ripple broke out and climbed 200% to as much as 75,000% at the triangle apex.
XRP currently trades near the end of its fourth triangle after ranging tightly between $0.30 and $0.80 for the past year and a half. If the past proves a prelude, CryptoBull anticipates comparable upside fireworks ahead.
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Of course, chart-based projections only hold weight if key levels convincingly fail. But CryptoBull believes XRP’s readiness for takeoff is nearing its season if diagonal resistance gives way. Its multi-year coiling may soon unleash commensurate kinetic energy around the triangle’s long-awaited apex.
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