A crypto analyst who previously predicted a massive 600% XRP price transition 2024 Once again, pay attention to a new technical analysis of Cryptocurrency. This time, the marketing expert says that XRP is getting ready for its next parabolic legs up.
XRP price settings signal violent rise
The latest XRP price analysis of Marketskpert Crypto Michael state that top altcoin has just finished a significant period of consolidation and may be prepared for an extremely explosive upward movement. In his X post, the analyst shared a supporting chart and caught XRP’s price action From 2017 to 2026, based on a long -term quarterly candlestick.
During these years, XRP formed one Large symmetrical triangle Through a convergence of trend lines, which illustrate a long -term phase of price compression and market determination. This diagram pattern, which extended from a peak in 2018 to mid -2024, culminated in a decisive eruption in 2025.
With Crypto Michael now considering XRP’s long -lasting consolidation completeTechnical indicators show a transition to a build -up phase before The next big leg up. The analysis also highlights that this consolidation was necessary to collect purchase pressure and position XRP for a displacement from its downward trend.
As he is moving forward breakout from the symmetrical triangle soon. When Cryptocurrency crosses the upper limit of the triangle, a long -lasting move above key resistance levels can serve as a strong rais -like signal.
Although the analyst has not explicitly described the exact goal of his optimistic projection, the course emphasizes for his diagram that the XRP price, which is currently at $ 2.22, will go up.
Analysts set the next XRP ATH target over $ 80
In other news, crypto analyst has CW dropped Another incredibly bold forecast for the XRP price. The market expert presented a compelling multickey schedule, which indicates that XRP is in the last stages of a long -term consolidation and is now gathering momentum for a Massive eruption.
According to CW’s chart analysis, XRP has been in a six -month accumulation period, similar to patterns seen in previous markets. This even accumulation phase Seems to form a converging triangle, which historically is a precursor to large upward movements.
Now at the tip of a breakout, especially after testing the former ATH region, the analyst suggests that XRP finally stabilizes and interprets this calm as a steady energy building for the next wave. If historical patterns hold, a wave in addition to the ATH prices can ignite a vertical rally.
The diagram identifies the first target at Former ATH level Over $ 3.8 followed by a second target around $ 21.5. The last goal, which represents phase 5 of the analysis, points to a parabolic increase beyond $ 80.
Image from Pexels, Chart from TradingView
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