XRP price might be demonstrating strong bullish pattern
The price of XRP, a third-largest altcoin by market capitalization, might be close to a massive upsurge. Its battle-tested tech analysis pattern signals a potential 2x price spike in the coming weeks.The XRP price is getting closer to a parabolic growth phase, with $3.85 and $4.5 being the next price targets. Such estimations wereAs demonstrated by the trader, starting from early November 2024, XRP's price performance has been following a"Bullish Pennant" pattern.
At the same time, XRP is also hit by the ongoing market correction. In the last 24 hours, almost $7 million of XRP positions were erased due to liquidations, CoinGlass data says. Seventy percent of this amount were longs. As of writing time, XRP is trading at $2.28, down 2.2%. The market benchmark for today dropped by 1%, while Bitcoin lost 0.3%.
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