<p><a href="https://blockchainreporter.net/price-prediction/xrp-price-prediction/" rel="noopener noreferrer nofollow">$XRP</a>, the native crypto token of the Ripple network, has captured the market’s attention with its latest move. As per Ali, a well-known crypto analyst, $XRP has now turned undervalued after following a multi-year breakout. The analyst disclosed the current market scenario around $XRP on social media.</p><h2 id="header-0">$XRP Breaks Out from a Multi-Year Triangle Pattern, Signifying a Bullish Continuation</h2><p>Ali mentioned that the $XRP token has become considerably undervalued irrespective of some considering it overbought. The analyst added that the crypto token has recently broken out of a huge symmetrical triangle pattern that lengthened to several years. The respective pattern has historically denoted a critical shift in the price direction of the asset. This type of breakout usually indicates a bullish continuation. Moreover, such breakouts also present a profitable opportunity for the investors.</p><p>A few traders may consider $XRP to have already surged to a great extent abruptly. However, the analyst categorizes this to be the start of a massive rally.  In this respect, he has set a couple of price targets for the crypto token.</p><h2 id="header-1">Analyst Sets $8.40 and $48.12 as the Potential Forecasts for $XRP</h2><p>The first one of them is $8.40 which is a more measured price target mirroring the likelihood of the crypto token in line with the present market conditions and historical patterns. On the other hand, $48.12 is the aggressive forecast, reflecting the likelihood for <a href="https://ripple.com/" rel="noopener noreferrer nofollow">Ripple ($XRP)</a> to witness an enormous jump in the case of favorable market conditions. According to Ali, with the current bullish momentum around $XRP, the token’s journey seems far from over.</p>

Senior Analyst Sets A Bold $48 Target for Ripple’s $XRP

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