XRP breakout finally on horizon? Expert analysis
Amid concerns that XRP was failing to follow the generally bullish sentiment of the wider cryptocurrency market, particularly after receiving legal clarity in the courtroom standoff between Ripple and the United States Securities and Exchange Commission (SEC), it seems that the tide is finally turning.
Indeed, the pseudonymous crypto expert CoinsKid noted a “vertical forming in the XRP chart to at least $1.13,” according to his analysis shared on December 6, which was a follow-up to his previous post in which he said that there was only “one leg missing” for the breakout to happen.
All things considered, the community’s fears over XRP’s price performance may have been unfounded, and if specific correction scenarios play out, the token might rally as much as 120% and even be looking forward to a price of $5 long-term, which is why it may not be too late to invest in XRP yet.
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