Recent XRP price movements caused a lot of confusion in the cryptocurrency market, and the cryptocurrency experienced a significant price augment and the breaking of key resistance levels. Thanks to its recent surge in momentum, XRP has seen success breaking a key bullish patternas a result, the cryptocurrency analyst predicted that it could potentially quadruple to up-to-date highs of $2.6.

The price of XRP is expected to reach the medium-term target of $2.3

After the experience tardy growth and bearish dynamics over the past few weeks, XRP has once again instilled confidence among investors with its latest price surge. Over the last seven days, XRP has skyrocketed by 8.93% and is holding mighty are showing signs of greater gains in the future.

This bullish outlook is shared by prominent cryptocurrency analyst Captain Faibik, who revealed on X (formerly Twitter): post On September 28, XRP just broke a unique bullish pattern, indicating: potential for stern price increases.

A multi-year bullish symmetrical triangle pattern can be seen on Faibik’s XRP price chart. This triangular pattern began to form in October 2021 and continued until September 2024 XRP is subject to significant price fluctuations throughout this period.

After its first significant price augment in weeks, XRP is successful has broken out of this bullish triangle pattern. The scale of the recent XRP price surge is clear from CoinMarketCap data, which shows the cryptocurrency is up 4.73% in the last 24 hours.

This significant price augment suggests that XRP may be aiming for a significant price augment above its previous price levels of consolidation about $0.50. At the time of writing, XRP is trading at $0.64, highlighting a possible augment in investor interest and demand for the cryptocurrency.

Faibik believes in breaking out of this bullish triangle pattern XRP could be on track for a massive rally which could quadruple its price. The analyst stated that XRP is currently heating up for a massive breakout to the medium-term targets of $2.3.

XRP breaks a critical trend line

Crypto analyst and Elliott Wave, identified on X as “XForceGlobal”. highlighted exceptional trend line on the XRP price chart. According to the analyst, XRP has just broken a “multi-layered BD trend line” and may be heading towards a price augment.

XForceGlobal suggested that if XRP manages to maintain its price above this trend line for a few more weeks, it could see a price augment from $7 to $10. The analyst expressed confidence in him bullish forecastwhich indicates that growth in this area will be inevitable if the right conditions are met.

More specifically, the analyst predicts from a detailed chart that XRP price could potentially rise to $8.67, a 1,482% augment from its current price of $0.6.

Featured image created with Dall.E, chart from Tradingview.com