XRP has broken out of a seven-year consolidation pattern, signaling a potential 50% price surge in the months ahead.
XRP (XRP) has soared 134% since the US election on Nov. 6, pushing its year-to-date returns into positive territory with gains exceeding 80%. XRP price has also exceeded $1 for the first time since December 2021.
XRP/USD weekly price chart. Source: TradingView
Currently, technical conditions show XRP as an overbought asset, which typically amounts to a period of consolidation or outright correction.
