When it comes to the top ten cryptocurrencies by market cap, few of the frontrunners of the emerging asset class have performed as poorly as XRP – the crypto token often referred to as Ripple. Since bear market lows were set in most digital assets, they’ve since gone on to surge as much as 300% in Bitcoin and Ethereum, and 600% in Litecoin. Ripple, however, has offered investors a meager 45% by comparison.
Despite the relative underperformance compared to other assets in the crypto market, analysts conclude that Ripple charts are the most bullish out of any altcoins, especially the large caps, and could make up for ground its lost to other digital assets. Analysts are watching a massive “bullish pennant” on XRP price charts, and are expecting a massive parabolic movement that could take the price of Ripple to a target of $10 per XRP.