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Can Ripple (XRP) Explode Beyond $127 in the Next Bull Run?

Published 23/08/2023, 20:51
Can Ripple (XRP) Explode Beyond $127 in the Next Bull Run?
XRP/USD
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  • XRP’s price could reach $127 if history repeats itself, an analyst opined.
  • The short-term price action could leave the token consolidating around $0.50 as indicated by the EMAs.
  • If Ripple outrightly wins against the SEC, XRP’s may rally, but $127 seems a little far off.

The Ripple (XRP) community may have been disappointed by the token’s performance in recent times. But according to crypto educator Toray Kortan, those who stick to holding XRP may reap the fruit of their trust in the token in the next bull run. Kortay, who is also the founder of Innovation Markets posted on Twitter (now X), that XRP could reach $127.11 soon.

History Set to Repeat Itself

To support his claims, the analyst referred to XRP’s historical price performance. He noted that XRP had formed a Duplex Dip Vortex Springboard, which was similar to the market structure before the 2017 bull run.

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