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>>According to an analyst, the chart indicates that XRP has the potential to reach $13 within the next 21 days.

According to an analyst, the chart indicates that XRP has the potential to reach $13 within the next 21 days.

crypthub

about 6 hours ago

Projection and Technical Analysis

Crypto analyst CryptoBull predicts XRP could reach $13 by March 11, citing a 21-day timeframe and a technical chart showing converging trendlines. The XRP/USD three-day chart indicates a potential breakout toward $13, emphasizing a sharp upward move. The forecast focuses on structural patterns, with the upper trendline aligned to the $13 target.

Chart Structure and Resistance Levels

The chart displays XRP within an ascending formation, with the upper boundary extending toward $13. A breakout could trigger rapid price expansion, though the current price is significantly lower than the target. CryptoBull’s analysis relies solely on the three-day timeframe’s structural setup, without intermediate targets.

Market Counterpoints and Caution

Market participant Jeongmin highlights resistance between $1.51–$1.57 and notes institutional projections favor an $8.00 year-end target. Reaching $13 in three weeks would require an 850% increase, deemed unrealistic by some. Recent developments like CFTC appointments and ETF inflows may offer support, but the scale of the projected move remains debated.