<p><em>Date: Mon, August 20, 2024, 04:14 AM GMT</em></p><p>XRP has caught the attention of the cryptocurrency community with a strong bullish movement, surging by 7.31% in the past 24 hours. This upward momentum has brought XRP&#39;s price to $0.6058, and trading volume has skyrocketed by 133%, signaling growing interest among investors.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bd36d27b077648828c240820fa05cf79.png" /><em>Source: <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">Coinmarketcap</a></em></p><h3 id="analyst-predicts-43-300-upside-target">Analyst Predicts &#43;300% Upside Target</h3><h3 id=""></h3><h3 id=""></h3><p>A popular analyst on the X platform, &#64;WORLDOFCHARTS1, recently <a href="https://x.com/WorldOfCharts1/status/1825607154394706333" rel="noopener noreferrer nofollow">shared </a>a compelling analysis of XRP&#39;s price action. The analyst identified a symmetrical triangle pattern on XRP&#39;s chart, which has historically been a precursor to significant price movements. According to the analysis, this pattern, which has been developing over several years, suggests a potential breakout that could see XRP&#39;s price soar to a range of $2.50 to $2.60. This represents a possible 302.07% increase from its current trading level.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0978f0db0b954c2096119f87529bcf96.jpeg" /><em>Credits and Source: Worldofcharts1 (X)</em></p><p>The symmetrical triangle pattern is particularly noteworthy because it often signals a strong breakout when the price moves beyond the pattern&#39;s boundaries. The analyst used the height of the triangle at its widest point to estimate this ambitious price target.</p><h3 id="sec-case-closure-boosts-optimism">SEC Case Closure Boosts Optimism</h3><h3 id=""></h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ecd7a0c58cfd49d4afdf4443f7fd5101.png" /></p><p>Adding to the bullish sentiment, the analyst highlighted that the recent <a href="https://coinsprobe.com/xrp-sees-bullish-price-movement-amid-legal-developments/" rel="noopener noreferrer nofollow">closure </a>of the SEC&#39;s case against Ripple, the company behind XRP, is a significant win for both Ripple and the broader cryptocurrency market. The resolution of this legal battle has removed a major cloud of uncertainty, potentially paving the way for XRP to reach new all-time highs in the coming months.</p><p>&#34;#XRP is poised for a massive breakout from a multi-year symmetrical triangle,&#34; the analyst stated. &#34;This could lead to a new all-time high in the near future. The SEC case closure is a major win for crypto and Ripple.&#34;</p><p>As XRP continues to gain momentum, all eyes will be on whether this predicted breakout materializes, potentially leading to significant gains for investors.</p><p>Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice.</p>

XRP Price Surge: Analyst Marked +300% Upside Target

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