XRP price targets $15 amid enthusiasm over CME futures launch
XRP’s 550% price rally since Nov. 5 has seen it break out of a symmetrical triangle, with a profit target above $15. Will a potential launch of XRP futures help?
XRP (XRP) price printed an asymmetrical triangle on the weekly chart, a technical pattern associated with strong trend momentum. Can this bullish setup and the possible XRP futures launch signal the start of a rally to $15?
XRP price is down 2% over the last 24 hours after days of profit-taking following the rally to a seven-year high of $3.40 on Jan. 16.
However, XRP appears well-positioned to continue its three-month rally for multiple reasons, including a crypto-friendly Trump administration and macro developments.
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Author: Nancy Lubale
