| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $82772.1000000000 |
| ETH | $1812.7350000000 |
| BNB | $592.6681300000 |
| XRP | $2.0615220000 |
| ADA | $0.6507182000 |
| SOL | $117.2496000000 |
| DOGE | $N/A |
| DOT | $4.0636100000 |
| LTC | $82.8650000000 |
| LINK | $12.8164100000 |
Category: CRYPTO NEWS
The post XRP Poised for Breakout as Analysts Eye a Bullish Run to $17 appeared on BitcoinEthereumNews.com. Crypto analysts are again expressing strong bullish sentiment regarding XRP’s price trajectory, with figures forecasting a significant rally. For instance, market analyst Ali Martinez has identified a cup-and-handle formation on the token’s chart, signaling a likely breakout. This pattern suggests a near-term target of $3.35, reinforcing a bullish outlook. “If $XRP is following a cup and handle pattern, a breakout could set the stage for a move toward $3.35!” Martinez noted. If $XRP is following a cup and handle pattern, a breakout could set the stage for a move toward $3.35! pic.twitter.com/91Til6HUOo — Ali (@ali_charts) February 16, 2025 Adding to the bullish sentiment, market analyst Dark Defender identified $2.7740 as a crucial resistance level for the XRP cryptocurrency. According to his analysis, if the token successfully surpasses this threshold, a rally toward $4 could follow. Besides, the analyst pointed to a bullish rectangle formation on the charts. This pattern suggests consolidation within an upper and lower channel, with the upper resistance level near $3.10 and support holding around $2.20. If the cryptocurrency breaches the upper boundary of this formation, it could signal the beginning of a larger uptrend. “Breaking this channel heralds 2 Digits levels first!,” he stated. Historical patterns and trading volume also support this outlook, with increased investor interest reflected in growing transaction volumes. XRP to $15-$17, Analyst Says Prominent crypto analyst Egrag Crypto has projected that the XRP token could reach $17, citing a strong technical setup. He pointed to a bullish pennant pattern, emphasizing the cryptocurrency continues to respect a critical support level marked by a yellow trendline on his charts. According to his analysis, XRP must first break above $3.40 to confirm a decisive uptrend. He outlined two price targets—$15 and $17—based on the measured move of the pennant’s pole leg. From EGRAG’s point of view,…
2025-02-17T03:38:24+00:00