XRP Breaks Out, Could Hit $123 Based on 2017 Pattern

XRP’s price has broken out of a pennant pattern in late 2024, showing strong potential for a significant rally. This breakout echoes a similar move in 2017, which led to a surge beyond its 2.618 Fibonacci extension at $2.13. Analysts are tracking this historical pattern and suggest it could lead to a price target of around $123, based on the same Fibonacci level that marked XRP’s breakout in 2017. The current price action is strong after a recent rebound from lows, further fueling confidence in this bullish trend.