An in-depth view of the pattern on the XRP chart sees the coin’s absolute focus on hitting the $2 milestone a few months from now.
244.61%, Bitcoin Trader’s Target
In a new post on X, a Bitcoin trader with the name Scofield pointed out XRP’s forthcoming price.
Crypto Scofield posted a diagram that shows a one-week pattern for XRP, uncovering the asset’s movement since it reached its peak during the 2021 bull season.
In particular, the diagram represents that XRP’s candle pattern since the 2021 pinnacle has framed a triangle shape. Eminently, the existing experts on the space have so far deciphered this improvement as bullish, demonstrating a potential breakout soon.
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Consequently, Crypto Scofield pinpointed two potential breakout focuses for XRP. First, the situation recommends a surge to $1.2155, dependent upon a fruitful breakout from the laid-out downtrend.
Then again, the expert expects XRP to anticipate the $2 edge, explicitly setting his target at $1.9054.
$XRP Update pic.twitter.com/ErZHAhw5Dl
— Scofield (@Crypto_Scofield) February 16, 2024
Taking into account XRP’s predominant market value of $0.5529, a rally to $1.9054 infers a potential 244.61% growth rate.
While XRP crested at around $1.8 in 2021, it last saw $1.9 during its explosive development in late 2017 and mid-2018.
It is worth noting that Crypto Scofield didn’t determine an objective timeline for XRP to recover $1.9. Nonetheless, another specialized contended that XRP could give holders a triple increment during this bull season.
Read Also: Few Steps To Project XRP, Analyst Says
XRP At $7 target
Interestingly, Crypto Scofield isn’t the only well-known Bitcoin merchant that has given an above $1 focus for XRP. As of late, a Bitcoin day trader uncovered part of his XRP portfolio showing an equilibrium of 180,738 XRP valued at $102,746.
This Bitcoin investor unveiled his goal to get some benefit from his XRP holdings when the price raises a ruckus around $7 territory.