XRP 6-Year Trendline Ends, Analyst Predicts 1,400% Rally To $7.5

As the big parts come into place, XRP's price trend may improve. XRP fans are still suffering after Ripple's court triumph, but a crypto expert has predicted a positive XRP price. Jaydee expects XRP to soar to new price levels.

Analyst Expects XRP To Reach $7.5

Recently, crypto researcher Jaydee predicted that XRP's days of trading below $1 may be over shortly. The expert announced this on social networking site X with an exceedingly optimistic prognosis. The analyst's XRP/USD bi-weekly price chart shows a six-year trendline ending. This trendline closing might trigger a big bull run.

Interestingly, Jaydee's technical analysis uses XRP's non-logarithmic price scale and a preceding event. Since its 2017 record height of $3.40, XRP has traded in a downward trend despite price volatility.

In the multi-year bear market, the higher resistance line has stopped upside above $1.90 while the lower support line has stayed above $0.14. However, recent market movement shows the 6-year decline is nearing its peak. XRP has less space to move between resistance and support as the range shrinks.

Jaydee said that this means XRP will breakthrough higher. The analyst set a $7.5 price estimate for XRP's ascent. With XRP at $0.4873, this price objective is 1,430% higher.

While it seems unlikely, the analyst cites a similar price cycle between 2013 and 2017 to explain an explosive surge. XRP surged over 600x to $3.4 when a five-year descending triangle pattern broke.

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