Despite the brutal December 9 crash in the altcoin market, XRP remains strong from a long-term perspective. While a short-term recovery is uncertain, the big picture outlook for Ripple is extremely bullish from a technical perspective. XRP has breached a popular 8-year old pattern hinting that the outlok for the token is wildly bullish. Based on the theoretical forecasting methods, XRP price could hit $200 and go beyond based on Ripple’s 8-year chart pattern. XRP Price Today The latest price of XRP is $2.20, marking a 5% decrease in the last 24 hours. Despite this dip, XRP has experienced significant price movement over the past month. Notably, its value surged earlier in November, attracting heightened investor interest. However, the recent rally has triggered profit-taking, leading to a short-term correction for the digital asset. Over the past week, XRP’s price has dropped by 14%, highlighting a brief cooling period after its earlier gains. Nonetheless, the cryptocurrency has still been up an impressive 278% over the past month. Source- TradingView Over the past year, XRP has surged by an astounding 230%. Starting from a modest $0.50, it has climbed above $2.20, breaking several key resistance levels. This ascent reflects a bullish trend that has gained traction among investors. If XRP maintains this upward trajectory, it could reach as high as $200 by 2025. Source: TradingView XRP Technical Analysis: 8-year Pattern Forecasts $200 Target XRP price has recently broken out of a bullish pennant or bull flag pattern that spanned over eight years, signalling the potential for a massive upward move. A bullish pennant consists of a sharp initial rally, known as the flagpole, followed by a period of consolidation shaped like a triangle known as flag. This pattern is a continuation setup, and its target is calculated by measuring the length of the flagpole and adding it to the breakout point. For XRP, the flagpole represents a staggering 54,000% increase during its previous rally, projecting a potential target of approximately $200 following the breakout. XRP Price price chart Even for a theoretical forecasts, the XRP price targets are ambitious, to say the least. So, will Ripple hit $200? Will Ripple Hit $200? XRP price draws investor attention as Bitcoin crossed the $100,000 mark, sparking a widespread bullish sentiment across the crypto market . Major top altcoins like BNB and SOL experienced substantial surges, riding the wave of renewed market enthusiasm. Many speculate this could signal the start of a long-anticipated altcoin season, driving further price rallies across digital assets, including XRP. Given the current momentum, a $5 target is more realistic. Speculation around the U.S. elections and the potential inauguration of Donald Trump in January are heightening interest in digital assets. The U.S. election and lawsuits against the SEC could drive momentum, potentially replacing Gensler. Ripple’s bullish breakout and market momentum position XRP for potential growth. While $200 is speculative, strong adoption and market conditions could drive substantial gains in the coming years. The post Ripple’s 8-Year Pattern Hints XRP Price Could Hit $200 in 2025 appeared first on CoinGape .
