In January of 2018, XRP achieved an all time high in the $3.30 range. Then in March of 2020 it set a new bottom in the 11 cent range.
If we apply the fibonacci retracement tool using the $3.30 all time high and the 11.5 cent bottom that followed, a 4.236 extension would set the price at about $13.50.
Therefore, we are setting the target price in the 12 dollar range. As the market plays out, we may have to revise our thinking and make adjustments to our exit strategy, but for now, XRP has the potential to be a 13 dollar token.
This is not financial advice. Please do your own research.
