A well-known market analyst recently made a remarkable prediction about the price movement of XRP. He pointed out that XRP is breaking through a long-established technical pattern, which could signal the arrival of a significant pump.

Analysts emphasize that XRP is currently breaking out of a symmetrical triangle pattern that has lasted for 7 years, while also forming a bullish triangle flag pattern. This rare technical combination is typically seen as a strong bullish signal.

According to this analyst's prediction, the price target for XRP could reach 13 dollars. Considering the current price level of XRP around 0.6-0.7 dollars, if this prediction comes true, it would mean a potential rise of over 18 times.

In addition to the positive technical factors, XRP also benefits from some fundamental factors. The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) seems to be nearing its end, which may eliminate some uncertainties in the market. Moreover, the application of XRP in the cross-border payment field continues to expand, further enhancing its practical value.

It is worth noting that analysts believe the current price movement of XRP bears an astonishing resemblance to the surge in 2017, when it skyrocketed from a few cents to $3.80. However, investors should still proceed with caution and fully recognize the high-risk nature of the cryptocurrency market.

As institutional investors show increasing interest in the cryptocurrency space, XRP may attract more attention. However, market participants should closely monitor changes in technical indicators and consider broader market dynamics to assess potential investment opportunities.

The cryptocurrency market is constantly changing, and investors should conduct thorough research and risk assessment before making any decisions.