XRP Price Targets $8 Following Breakout from Consolidation Pattern

The XRP price has broken out of a descending consolidation pattern, signaling a potential surge toward $8.08, which would mark a new all-time high (ATH). Key points include:

XRP has moved above significant Moving Averages (MAs), including the 200-day Simple Moving Average (SMA).
Technical analysis indicates bullish momentum, with key Fibonacci Extension levels supporting the price targets.
A rise to $8.08 represents a 1,380% increase from the current ATH of $3.84.
Short-term price targets are set at $2.29, $2.5, $2.71, and $3.01, with resistance at $3.4.
Analyst advises patience as the journey to $6-$8 may take several months.

Despite market volatility, the breakout confirms that XRP is entering a multi-month bullish phase, with long-term growth expected.