XRP Price Forecast: Could Reach $5 with Key Catalysts in September

Technical indicators suggest that Ripple’s XRP token is poised for a significant price surge, potentially reaching $5 by September. This prediction stems from bullish chart patterns, including the formation of a falling wedge and a bullish pennant, indicating an imminent breakout. The presence of a cup-and-handle formation further strengthens this outlook. 2023 has been marked by XRP’s stagnation as bulls struggled to push its price beyond the year’s high but now, the technical signals suggest a strong upward movement.