Crypto Analyst Presents Bull Case For XRP Price To Hit $130, Here’s When

The XRP price has been showing promises of a price spike since Ripple’s victory against the US SEC. Many community members are currently keeping a close eye on the cryptocurrency, and hoping for a significant price increase. One crypto analyst, in particular, has predicted a massive run for the altcoin that could see its price hit triple-digits.

XRP Predicted To Reach $130 In Next Bull Run

Following its partial victory against the United States Securities and Exchange Commission (SEC) in July after Judge Analisa Torres ruled in favor of Ripple labs, XRP, the native token of Ripple, has fluctuated heavily despite the positive sentiment surrounding it. Nevertheless, an analyst sees a potential bull run for the altcoin.

Crypto analyst and XRP influencer, XRP Captain, has predicted a significant price jump for the XRP token on an X (formerly Twitter) post.  XRP Captain shared a chart with a symmetrical triangle pattern which he used to predict XRP’s $130 future price movement.

Apparently, XRP has a history of symmetrical triangle patterns. In 2017, the cryptocurrency broke out of a similar symmetrical triangle pattern which pushed the token to new all-time highs. As for when this will happen, the analyst points toward the expected 2024 bull run.