XRP Accumulation: Could Whales Be Betting on a $30 Price Surge?

A recent price analysis of XRP has generated buzz as analysts predict the cryptocurrency could reach $30 based on its symmetrical triangle breakout pattern. This prediction echoes XRP’s remarkable surge in 2017, which saw prices climb over 2,600%. The bullish sentiment is fueled by a sustained rise in price over the past 24 hours, reaching roughly 10%, and recent analysis from Egrag Crypto, who suggests that the potential for a breakout could reach as high as $30. This bullish signal aligns with observations from other market analysts, such as Ali Martinez’s video last month demonstrating XRP breaking out of a multi-year symmetrical triangle since 2018. While some see this analysis as optimistic, if the price retraces to the pattern’s edge at the $1.20 level, hitting $30 becomes possible. This isn’t the first time Egrag has made such predictions regarding XRP, and further results will determine their validity.