The price of the popular cryptocurrency XRP has increased by more than 467% in just one month and is currently trading at $2.70. For many, even the most optimistic XRP enthusiasts, such a sharp increase came as a surprise, but U.Today predicted this outcome for the cryptocurrency long before this surge occurred.
You may remember U.Today’s stories about the historic price breakout that XRP was supposed to trigger back in early August. Well, fast forward to December and “here we are,” as the old cryptocurrency meme goes.
Now the question on everyone’s mind is where the token is actually going and where it will stop.
To do this, we’ll go back to our predictions when this breakout was just a forecast and learn that the ultimate target for XRP is somewhere around the $4.20 mark. Despite the memetic nature, there is a real calculation behind this number, as given the fact that the XRP price has surpassed the approximately six-year accumulation period within the bullish triangle pattern, its price was predicted to rise by approximately 630%, similar to what happened in 2013 and 2017, although on a smaller scale. With two-thirds of this move already completed and XRP reaching an all-time high of $3.30, this no longer seems like a dream.
It’s not set in stone either. Like everything that happens in the cryptocurrency market, all forecasts and even mathematical calculations can turn out to be unpleasant at the slightest “kick in the wheel.”
On the one hand, the XRP breakout did occur, as shown in the price chart. On the other hand, the “little people” believed this would happen and kept their tokens on the sidelines during this eight-year trading period.
