XRP's price is currently displaying a bullish pattern that analysts believe could push its value to double digits. This pattern is similar to one previously observed at the $0.70 mark. Analyst Dark Defender suggests a potential target of $11 by early 2025.
On the 4-hour chart, XRP has formed three consecutive bull pennants, indicating continued bullish momentum. While the conservative price target is $8.40, optimistic projections suggest it could reach as high as $48.12.
Currently, XRP is trading around $2.18, reflecting a period of consolidation following a significant increase of 281% from its recent lows.
