The XRP price going to double-digits eventually has been a hard sell in the community given the token’s performance over the years. However, there are still some in the community who believe that the double-digit price point is only a matter of when, not if, for the XRP price.

Crypto Analyst Identifies XRP Bull Flag

Crypto analyst FieryTrading has identified an XRP bull flag that could signal the return of a 7000% price surge. The bull flag comes in the form of higher lows and lower highs that have been happening in the XRP price action over the last five years.

As the analyst posits, these higher lows and lower highs have worked to form a triangle pattern, which has historically been bullish for the token’s price. This pattern apparently began forming back in 2017 after the price completed a 7000% move during the 2017-2018 bull market.

Source: TradingView.com

FieryTrading explains that this pattern points to a massive explosion in the price of XRP. A timeline also comes with this prediction, putting the price explosion sometime in 2024, a year where many have said the next bull market is expected to begin.

For the height of this bullish surge, the crypto analyst expects that the price will rise as high as $25. They acknowledge that this price level may be quite high. However, the analyst explains that if the ADA price could make a new all-time high 600% higher than the previous ATH, it is possible for XRP.

Token price recovers from flash crash | Source: XRPUSD on Tradingview.com

Analysts Believe Double-Digits Is Possible

Another crypto analyst Egrag Crypto has put forward the possibility of the XRP p

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Author: Best Owie

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