A prominent crypto analyst has shared insights into XRP's potential future price movement, based on recurring patterns identified in its 4-hour chart. This technical analysis suggests that XRP may be mirroring its previous bullish behavior, which could ignite another significant price rally. If these patterns hold true, XRP may be poised for a breakout that could propel its value significantly higher.
𝐑𝐞𝐜𝐮𝐫𝐫𝐢𝐧𝐠 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭 𝐁𝐮𝐥𝐥𝐢𝐬𝐡 𝐌𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐟𝐨𝐫 𝐗𝐑𝐏
Richard, a widely recognized analyst from TradingView, known as ‘The Signalyst,’ has detailed a compelling case for XRP's bullish trajectory. His analysis highlights a series of lower lows on the XRP price chart, followed by a swift consolidation phase within a green resistance zone. Historically, these movements have served as precursors to sharp bullish impulses.
According to Richard, XRP recently completed a corrective cycle after reaching lower lows, stabilizing within this green zone. Following this phase, XRP broke through the resistance, driving its price to a previous high of $1.5. As of this week, XRP appears to be retracing this familiar path, consolidating just below the $1.53 level. If it breaches this threshold, the analyst predicts a surge toward the $2 psychological level, signaling a strong bullish trend for the cryptocurrency.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐂𝐚𝐥𝐥 𝐗𝐑𝐏 𝐚 𝐏𝐫𝐢𝐦𝐞 𝐁𝐮𝐲 𝐚𝐭 $𝟏.𝟒
Another prominent analyst, Steph, recently highlighted XRP’s retracement to $1.4 as a key buying opportunity, labeling the price point a "bargain." With XRP rebounding to $1.6—an 8.7% increase in 24 hours—Steph’s bullish forecast seems validated. She anticipates an explosive upward movement that could see XRP reach unprecedented heights, potentially climbing to $50 in the long term.
Steph further asserts that as adoption increases, XRP’s price could escalate into a “premium range” of $22 to $120. Both analysts encourage investors to consider accumulating XRP during this consolidation phase before the anticipated breakout solidifies its position in the next bullish cycle.