XRP's Big Yellow Triangle Points to $60 as Analyst Sees 8,000% Rally Potential

Market analyst EGRAG Crypto has identified what he calls the 'big yellow triangle' guiding XRP, a pattern that could potentially lead to price targets of up to $60.

XRP has been showing signs of strength lately, climbing to $1.29 earlier this week but struggling to push above that level and dropping to $1.18, down 11% so far this month.

EGRAG pointed out three major historical reference points around the yellow triangle, which have acted as a reliable guide toward higher targets in the past.

He presented an analysis of XRP's performance during these cycles, noting that a more conservative projection for the current cycle would be about 909%, while the most aggressive outcome would be an 8,000% rally from the lower end of the triangle structure, potentially reaching $60.