A cryptocurrency analyst shared an XRP price chart, suggesting that if this well-known altcoin can replicate past fractals, it might break through $10. The analyst urged the XRP community to closely monitor this fractal and emphasized the need to watch the price movements in the coming weeks.
Analysts find XRP fractals bullish, and XRP prices are expected to break through $16.
An XRP supporter on X (formerly Twitter) with the nickname 'LUDXRP' posted a detailed chart analysis predicting that the XRP price could rise to an ambitious target of $16.15. The analyst mentioned the presence of historical fractals on the XRP chart.
The fractal patterns indicated by the blue circles on the chart highlight a significant rise in XRP prices. According to the chart's trend, if XRP can replicate this fractal, it could trigger a substantial price increase to $16.15.
The chart also displays multiple green horizontal lines, highlighting different resistance and support areas that could trigger a price reaction for XRP. The trading price of XRP is $2.42, and the horizontal trend line above its current price is viewed as a key resistance level.
The analyst stressed that intermediate price levels such as $2.8, $4.1, $7.6, and $12.7 are key resistance levels that XRP must break through to reach the ambitious target of $16. Additionally, the chart indicates that $2 is a potential support level, warning that if the price falls below this level, it could lead to a drop to $1.
Due to the potential to break through $16, XRP supporters are urging community members to closely monitor the fractals on the price chart. They emphasized the importance of XRP maintaining an upward trend within the blue circle, which could lead to their predicted price increase to $16.
XRP will experience a 'face-melting' rebound this Christmas.
A cryptocurrency analyst known as a 'chart expert' is optimistic about XRP's future price prospects. According to this analyst, XRP may experience a 'mind-blowing' rebound around Christmas and the end of January, reaching new highs.
The analyst stated that if XRP continues the bullish trend of 2017, the market may consolidate for another two weeks until Christmas. He revealed that this bullish forecast is primarily based on XRP's fractals rather than Fibonacci levels.
In response to a comment from a member of the crypto community, Charting guy agreed that by December 30, XRP will experience a series of strong green weeks, possibly driven by Christmas hype or bullish sentiment surrounding the RLUSD stablecoin.
The analyst also agreed that January 20, the day Donald Trump was inaugurated as President of the United States, could mark the peak of XRP prices, which the market might view as a 'sell-off news event.'
