Analysts' 20X Rally Forecast for $XRP and $XLM Will "Melt Faces"
Technical analysis is still very important in the dynamic world of cryptocurrency investing, influencing both investor mood and market tendencies. Amidst the ever-changing market, an analyst by the name of Charting Guy has stood out for his audacious forecasts about the fate of two major digital assets: Stellar (XLM) and XRP.
Can XRP Surge Over "Melt" Faces?
A recent tweet by Charting Guy, in which he predicts a possible $13 movement and claims that XRP and XLM investors would soon see "melting faces," has caused quite a stir. He is quite confident in the imminent bullish rise he predicts for these cryptocurrencies, and this bold remark shows it.
Regardless of the widespread market pessimism and the extended consolidation periods, his research indicates that XRP and XLM will continue on a positive track. Despite the fact that these assets have been dubbed "dead coins" by certain market players for their disappointing performance over the last several years, Charting Guy is unfazed by narratives created by emotion and instead concentrates on technical indicators and chart patterns.
Possible Uprising on the Horizon?
The researcher found that XRP and XLM have shown signs of possible breakout prospects, including symmetrical triangular formations. After six years of development, these patterns are among the biggest formations Charting Guy has seen, suggesting substantial price movement is possible.
According to his forecasts, XRP might reach a new high between $10 and $13, which would be a significant increase of up to 2,000%. In a similar vein, Charting Guy predicts that XLM may hit $13 in the near future.
Although these objectives are focused on the near future, Charting Guy has a long-term view that goes beyond the present market cycle. Even while he admits that this could not happen in the next few years, he still thinks XRP might reach $38 in the future.
But he's still bullish on XRP and XLM in the long run, predicting that they'll be worth triple digits in ten years.
