XRP News Today: XRP Eyes $7.20 as CryptoBull Flags 111% Breakout Potential

Pseudonymous analyst CryptoBull recently projected that XRP could surge to $7.20 if it successfully breaks out of a cup pattern on the XRP/USD daily chart. In a post on X, the analyst highlighted a rounded cup formation, emphasizing that a breakout from this structure would likely drive the price upward by 111%, with the $7.20 level as the target [1]. The chart, shared alongside the post, features the cup pattern shaded in green, with a vertical arrow labeled “111% = $7.20” drawn from the base of the formation to the projected price level [1].

CryptoBull’s analysis is based purely on technical indicators, with no mention of broader market conditions or fundamental factors influencing the projection. The analyst described the formation as a clean and measurable pattern, suggesting that the price should move directly to $7.20 once the resistance at the cup’s rim is breached. The message was accompanied by the statement “Save this!”, indicating the analyst’s confidence in the potential for this move [1].

Community reactions to the post have been mixed. One user, AltcoinArtisan, noted their long-term patience, reflecting that such patterns can take years to play out. Another, Todd Kerr, expressed a preference for fundamental progress, including regulatory clarity, ETF approvals, and the release of non-disclosure agreements, over short-term price forecasts [1]. These responses highlight the broader debate within the XRP community about the factors that will ultimately determine the asset’s value trajectory.

The projection has gained traction on X, with multiple users sharing and retweeting the analysis. While these retweets reinforce the visibility of the idea, they should not be interpreted as endorsements or validations from the original source [2][3][4]. The analysis remains a technical outlook and should not be confused with a financial guarantee or a consensus forecast. Investors are advised to evaluate the projection in the context of their own research and risk tolerance, as XRP’s price is subject to a range of variables beyond technical patterns [1].

Source:

[1] https://timestabloid.com/analyst-after-xrp-breaks-out-of-this-cup-price-will-go-straight-to-7-20/

[2] https://x.com/CryptoBull2020/status/1956737002973307213

[3] https://x.com/HustlerShib/status/1957175****56264179

[4] https://twitter.com/cryptogranny101/status/1957093737340821610