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Expert Shares XRP Historical Shakeout Pattern that Could Initiate 105,000% Rally Discussions around XRP have intensified, particularly due to the recently concluded legal battle between Ripple, the San Franciscso-based cross-border payment firm, and the U.S. Securities and Exchange Commission (SEC). Brett Hill (@Brett_Crypto_X), a well-known figure in the XRP community, recently shared a technical analysis of XRP’s price chart, bolstering the speculation of an impending XRP surge. Source: X The primary focus of the analysis is a crucial triangle pattern. This pattern is a classic technical analysis formation that occurs when an asset’s price movements become progressively narrower, leading to a point of convergence. In XRP’s case, this triangle pattern has been developing over several years, beginning in January 2018, following XRP’s all-time high of $3.84. The triangle pattern in question has two converging trendlines. The bottom trendline was established by a decline in XRP’s price from its all-time high. The upper trendline was formed by a subsequent surge in price in April 2021 when XRP hit $1.96. As these two trendlines approach convergence, XRP has been consolidating within the triangle, a phenomenon the chart highlighted as a shakeout period. Technical analysts often interpret the formation of such a triangle pattern as an indication of a pending breakout. The direction and magnitude of the breakout are typically uncertain until the price definitively moves beyond one of the trendlines. However, the historical context and the specifics of this pattern have led some to predict that XRP may experience a significant upward movement, potentially leading to a new all-time high of $600. Comparisons to Historical Patterns A key aspect of the current analysis is the comparison between the ongoing triangle pattern and a similar pattern that occurred between 2013 and 2017. During that period, XRP experienced a prolonged consolidation phase, followed by a breakout that propelled the asset to its 2018 peak. Copied# #Xrp🔥🔥 #VOTEme
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Crypto Analyst Predicts XRP Price Will Rally 50,000% To $250, Here’s When Crypto analyst Chad Steingraber has made an ultra-bullish price prediction for the XRP price, stating that the crypto token’s price could rise to three figures. The analyst also outlined when this price target will be attained. XRP Will Hit $250 In This Market Cycle Steingraber mentioned in an X (formerly Twitter) post that XRP will reach $250 by 2025, which he believes will represent the market top for the crypto token in this bull run. He made this prediction while stating that Bitcoin and Ethereum will hit $250,000 and $25,000 in 2025, which will also be their market top. Related Reading Steingraber has previously provided several reasons why he is so bullish on XRP and believes the crypto token could attain such heights. He once alluded to a potential XRP ETF as one factor that could trigger significant price surges for XRP. He explained that an XRP ETF would give the crypto token an added utility as fund issuers for the XRP ETFs will direct their assets into an institutional liquidity hub. He believes an XRP ETF will drive more demand for the crypto token, ultimately driving up its price when a supply shock occurs. Steingraber also believes that the Securities and Exchange Commission’s (SEC) lawsuit against Ripple is one of the factors suppressing XRP’s price. He had earlier claimed that XRP’s price wasn’t going up because new money wasn’t flowing into its ecosystem and affirmed that the crypto token would likely see an influx of new money once the SEC’s case against Ripple is over. Steingraber isn’t the only one who believes that XRP’s price could skyrocket and climb to three figures once the lawsuit ends. Crypto analyst JackTheRippler also predicted that XRP would rise above $100 once the case ends. The analyst even gave a more bullish prediction than Steingraber’s, stating that XRP hitting $10,000 was achievable after the lawsuit. Crypto analyst CryptoBull also predicted that XRP could reach three figures, rallying 28,900% to $154. $XRP
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JASMY Rises Up Taking Rank 51 in Market Cap and Continues Its Bullish Upward Rally Amid Hard Altc... JASMY takes rank 51 in CoinMarketCap’s rankings for largest market cap. The altcoins climbed the ranks as other altcoins faced a hard price dip. JASMY is now one step away from claiming the top 50 coins rank in the world. As the crypto market experienced a sudden and unexpected dip in many altcoins over the last 24 hours, one altcoin stays strong. JasmyCoin’s JASMY not only remained in a bullish state, but it claimed rank 51 on CoinMarketCap based on the largest market cap list. To highlight, this dip bought JASMY just one step away from being in the top 50 largest cryptos in the world’s rankings. The JASMY community is very excited to see the rapid growth of their beloved token. While they celebrate the fact that the entire crypto market is red but JASMY in green continues to shoot up the ranks. Some members of the community take a moment to appreciate how far JASMY has come. The JASMY team and community are highly bullish on the capability of JASMY’s price performance this season with numerous price predictions expecting JASMY to surpass $10 this cycle. The team in particular puts the JASMY price at $17 in 2026. Read Also JASMY Prints Giant Cup and Handle Pattern Signaling Major Bullish Movement Taking JASMY Price to $0.7 JASMY Will Hit $17 According to JasmyCoin CFO and CEO, an Expectation for when JASMY Hits 107 Million Users Bullish JASMY Sentiment Accelerates JasmyCoin’s Price Trajectory to Hit $1-$5 Soon, Will JASMY Surpass $10? Will JASMY Surpass the $1 Mark in 2024? Insights into JasmyCoin’s Future Growth Varying JASMY Predictions Keep JasmyCoin Traders on Their Toes, Analysts Say Slow Momentum Pump Incoming The post JASMY Rises Up Taking Rank 51 in Market Cap and Continues its Bullish Upward Rally Amid Hard Altcoins Crash appeared first on Crypto News Land. $JASMY #Binance200M #jasmyrocket #CryptoNewss #TopCoinsJune2024
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