XRP Price Targets $19.27 Amid Bullish Technical Setup
Technical analyst Rupert from the Allincrypto podcast identified a bullish setup for XRP, suggesting a price target of $19.27. His analysis indicates that XRP is currently in a breakout phase supported by its late 2024 performance.
Breakout From Long-Term Triangle Formation
- XRP has traded around $2.80 recently, with a recent gain of 3.9%, breaking above $3.
- The cryptocurrency is consolidating just below its 2018 all-time high after previously reaching $3.65 in July.
- Rupert noted that this consolidation is typical before continuation and points to a potential cup and handle formation.
Path To $19.27 Still On Track
- The triangle projection supports a target of $19.27, with current trading patterns indicating further upside.
- Signals from total altcoin market capitalization reinforce this bullish outlook, having reached its highest monthly close in August.
- As long as XRP maintains prices above $2.80 to $3, it remains on track for the projected target.
Currently, XRP is priced at $3.02, reflecting a 3.9% increase over the past 24 hours.
