Renowned analyst Crypto Bull foresees a bullish pattern for XRP with a target price of $220, based on historical price trends and chart data.
XRP has surged over 15% on the weekly chart, approaching $0.55, as Ripple scores legal victories against the SEC.
As Ripple continues to record more victories against the U.S. Securities and Exchange Commission (SEC), investors are rushing to add XRP to their kitty. The XRP price has gained more than 15% on the weekly chart moving closer to $0.55.
Renowned market analyst Crypto Bull envisions XRP mirroring a “bottom, retrace, top” pattern on a monthly timeframe, with an ambitious target price of $220.
In a recent analysis shared on X, the analyst substantiated this projection with historical precedent. He pointed to a comparable trend observed during XRP’s early days, where the asset surged from a low of $0.002 to its all-time high of $3.84, following this “bottom, retrace, top” pattern. Accompanying chart data provides valuable context

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