A crypto analyst that previously predicted massive 600% XRP price boost in 2024 Taking attention again with a new technical analysis of the cryptocurrency. This time the market expert says that XRP is preparing for his next parabolic leg.
XRP price -Setup signals violent upswing
Market Expert Crypto Michael’s latest XRP price analysis Show on that the top altcoin has just completed a significant period of time Consolidation And could stand for an extremely explosive upward movement. In its X -Post, the analyst informed a supportive diagram to have recorded Price action of XRP From 2017 to 2026, based on a long-term quarterly candlestick view.
In these years XRP A formed Large symmetrical triangle through a convergence of trend lines that illustrate a longer phase of price compression and indecisiveness of the market. This diagram pattern, which extends from a climax in 2018 to mid -2024, culminated in a crucial outbreak in 2025.
Three with Krypto Michael now The longer consolidation of XRP completeTechnical indicators show a relocation to an advanced phase before the Next big leg high. The analysis also emphasizes that this consolidation was necessary to collect the purchase pressure and the position of the XRP for a shift in the downward trend.
In the future, the XRP price diagram shows that analyst A is expected Outbreak from the symmetrical triangle soon. As soon as the cryptocurrency exceeds the upper limit of the triangle, a persistent movement over the most important level of resistance could serve as a strong bullish signal.
While the analyst has not explicitly presented the exact goal for its optimistic projection, the trajectory of its diagrams shows that the XRP price, which is currently $ 2.22, is increasing.
Analysts determines the next XRP -at target over 80 US dollars
In other messages, the crypto analyst CW has dropped Another incredibly brave forecast for the XRP price. The market expert presented a convincing multi-cycle diagram, which indicates this massive outbreak.
According to CWS diagram analysis, XRP was in a six -month accumulation period, similar to the patterns observed in previous markets. The constant accumulation phase Seems to form a convergent triangle that historically is a forerunner for important upward movements.
The analyst is now at the top of an outbreak, especially after testing the former ATH region, that XRP is finally stabilizing and this calm interprets as a constant energy structure for the next increase. If historical patterns apply, an increase over the prices after ATH prices could ignite a vertical rally.
The diagram identifies the first goal on Previous ATH level over $ 3.8, followed by a second target of $ 21.5. The final goal, which is phase 5 of the analysis, indicates a parabolic increase of over 80 US dollars.
Selected picture of Pexels, Diagram by Tradingview
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