Recently analysts have predicted that #XRP’ could rise to $40 based on technical models.
Popular analyst “STEPH” has drawn attention to the cryptocurrency with his prediction that $XRP could break out in the future.
STEPH focuses on two main technical patterns, on the daily chart. He identifies the inverted HEAD and Shoulders pattern. A pattern that shows a bullish trend. If the price $XRP closes above the neckline of this pattern at $0.65, it will confirm the current breakout, XRP is trading at $0.54. If the $0.65 level is broken, the price will increase to $1.10.
$XRP CAN IT GET TO $40?
Based on the monthly chart, STEPH is even more optimistic, he sees XRP in an accumulation phase with a symmetrical triangle pattern. If this pattern breaks, XRP will reach the $40 mark.
STEPH also emphasized the role of the common market in pushing up prices.#XRP’ up. The “Fear and Greed index” is currently at 33, indicating investor fear. STEPH believes that this is an opportunity for smart investors to accumulate more#XRP’ while the market is full of worries.
