Crypto Influencer See XRP Price Heading Towards $4.20 in Future

• XRP’s symmetrical triangle pattern suggests a potential breakout, with an influencer targeting a price surge towards $4.20 or higher.
• Analysts believe XRP’s future lies in leading the new financial system, focusing on solutions over distractions.

A crypto influencer known as Good Morning Crypto has highlighted that XRP’s monthly chart shows a symmetrical triangle pattern. This technical indication shows that the price of XRP may skyrocket, with an upside goal of $4.20 or higher.

XRP Price Faces Key Resistance in Fibonacci Range and IH&S Target 

The influencer mentioned that the nearest likely resistance is in the Fibonacci retracement range of 0.236 to 0.382, which corresponds to the $0.71 to $1.05 price range. This range also corresponds to the bullish reversal target indicated by an inverse head and shoulders (IH&S) pattern, another well-known chart pattern.

At the time of writing, XRP is trading at $0.5396, up 1.72% over the last 24 hours. Despite this short-term increase, XRP remains in a bearish pattern, having fallen by 6.72% over the last 30 days. Despite the fact that long-term estimates remain hopeful, investors are concerned about this bearish trend.

The analyst feels that a big price increase is probable, with some believing that it would follow the patterns seen during prior market rallies. The past price swings of XRP have led to projections of a significant rising trend, albeit the timeframe is uncertain.

Meanwhile, as we previously reported, industry professionals have recommended the XRP community to focus on developing solutions rather than becoming distracted by external happenings. These experts feel that XRP has the potential to play a significant role in the future financial system.

They suggest that, while XRP’s short-term price movements may change, its long-term role as a leader in an emerging financial ecosystem must be prioritized.