Ripple’s XRP has been a subject of interest in the crypto space following its unfamiliar rally, which started about two weeks ago. Analysts have been employing various indicators and strategies to predict what might happen next to the coin.
One of the latest analyses comes from Egrag Crypto, focusing on Ripple (XRP) and its potential for substantial price increases based on historical performance.
The analyst notes that XRP has previously experienced significant surges of 1,307% and 1,341% when it broke out of Channels A and C in the chart below.
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Currently, XRP price is positioned at the boundary of Channel B, where it is attempting to establish this channel as a support level. If past trends hold true, a potential price surge of around 1,324% could occur, with anticipated price targets ranging from $13 to $15.
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