15 March XRP Price Outlook: Price Predictions & Potential Regulatory Shifts
As one of the biggest cryptocurrencies for almost ten years, XRP has drawn a sizable following that is optimistic despite the recent events. Even though the asset suffered for years following the 2017–2018 cycle, they continued to make audacious forecasts, and some of their confidence was rewarded when XRP surged from below $0.6 to reach its 2018 peak of $3.4 following the US presidential election. It failed to maintain the momentum, though, and the ensuing market-wide catastrophe sent it sharply south. Currently trading at about $2.41, Ripple’s token may soon be classified as a commodity in the United States.
XRP to $15? Ali Martinez Spots a Massive Bullish Pattern!
Positive forecasts are still coming in, and Ali Martinez was the most recent to point out a noteworthy target for XRP.
Since January 2018, XRP appears to be forming a symmetrical triangle pattern, indicating a potential bullish continuation where every lower high XRP made created a descending trendline at the top and every higher low created a rising trendline at the bottom. Now that XRP has broken out of the triangle, there’s a chance XRP can continue rising to reach a target of $15.
Martinez
According to the aforementioned current price tag, the asset would have to increase by almost 530% to reach that level, which seems a little crazy considering the state of the market right now. Additionally, it would place its market value at nearly $900 billion, which is nearly equal to Bitcoin and far greater than Ethereum.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment