XRP 'Super Trend Indicator' turns bullish; will there be another 470% surge?

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The crypto market is focusing on XRP, as the SuperTrend indicator has turned bullish again on the 12-hour chart, a signal that historically triggered a massive 470% increase.

Can XRP explode again?

On January 6, analyst Ali Martinez reminded investors that the last time the SuperTrend signal turned bullish, XRP soared by 470%. If history repeats itself, XRP's price could break above $11, reaching a new high. The current support level is stable at $2.25 to $2.40, with the next big challenge at $2.60.

Market cap surges, momentum strong

XRP's market cap has surpassed $140.3 billion, rising 18.31% in the past week, indicating strong upward momentum. If this momentum continues, the market cap is expected to expand further. Additionally, the TD sequential buy signal on the 4-hour chart also suggests that a rebound may have begun, which technical traders are particularly focused on.

Expert Opinion: XRP likely to surge by 50%

Chart expert Faibik believes that XRP is close to breaking a key bullish signal on the daily chart; once the breakout is confirmed, XRP could rise by 50%. However, seasoned trader Peter Brandt takes a cautious stance, suggesting that the flag signal may take six weeks to digest.

Summary

Driven by both technical and market sentiment, XRP is poised for a potential explosion. If it breaks the key resistance level, there is significant room for XRP to rise, and investors should closely monitor the trend changes.

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