XRP price keeps getting stronger. The price is surpassing the $1.0 mark with a bigger gap. Some analysts believe that this is only the beginning, as the price is expected to go higher.

Armando Pantoja on X notes that XRP is currently moving past a crucial resistance and is targeting the 0.786 Fibonacci retracement level at $1.61. If this level is surpassed, the next price range to watch is between $2 and $2.10, which has not been seen since April 2021.

The chart analysis posted by Armando reveals an ascending triangle pattern. This shows a bullish continuation. XRP is currently trading at around $1.50, comfortably above key support levels at $1.192 and $1.108.

The Fibonacci retracement levels reveal that the 0.618 level at approximately $0.91 provided strong support during earlier consolidations, while the 0.702 level at $1.21 was breached during upward movement.

Read Also: Sui Sees Record Inflow Following Network Downtime: Can This Save SUI Falling Price?

Should XRP price successfully clear the $1.61 resistance, it could easily target the $2-$2.10 range, which is historically significant. Beyond this point, Armando sees an easy path toward $8, a long-term target driven by potential macroeconomic factors or regulatory developments that could favor Ripple.

The bullish momentum indicated by the breakout from the ascending triangle, along with a series of higher lows and increasing volume, supports the view that XRP might be on the cusp of a substantial rally.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

The post Ripple (XRP) Price to Have an “Easy Path” to $8 Once This Resistance Breaks appeared first on CaptainAltcoin.

234 +