Can XRP price reach $8? The analyst expects a huge Ripple Breakout.

XRP has been on an impressive price rally, hitting levels not seen since the 2021 bull market. XRP surpassed $1, the price recently reached $1.27, doubling in seven days. This is a big milestone for cryptocurrency, making it one of the top players in the market once again. But what is behind this sudden rise in interest rates and prices?

For years, XRP has been undervalued, particularly due to its legal battles with the SEC. However, as the regulatory cloud begins to clear and Ripple's position in the crypto space strengthens, investors are waking up to XRP's untapped potential. Many analysts believe that XRP has been around for a long time, and now that regulatory transparency is on the horizon, it could see explosive growth.

WELL MOVE: Big players are betting on XRP.

One of the most interesting aspects of this latest addition is the XRP whales feature. According to analyst Armando Pantoja, whales are quietly collecting XRP. In fact, in just one week, they bought a staggering 453.3 million XRP tokens worth approximately $526 million—that's 18% of the token's circulating supply.

This level of consolidation has not been seen in three years, and as the big players are positioning themselves, many believe it could be a major crash for XRP. Pantoja mentioned that Gary Gensler's potential breakout and Elliott Wave patterns indicate major price movement for XRP in the near term.

Key Breakeven Points: Is $3.84 Reachable?

According to him, XRP's next key breakout points are at $1.33 and $1.88. Once those levels are passed, it is thought that the path may be clear for XRP to test its all-time high (ATH) of $3.84. The analyst predicts targets between $8 and $30 for XRP in the coming months or years.