XRP Price Breakout Above $10: Analyst Tells Community To Pay Attention To This Fractal
2024年12月14日 - 7:30AM
NEWSBTC
A crypto analyst has shared an XRP price chart, hinting at a
potential breakout above $10 if the prominent altcoin can replicate
a past fractal. The analyst urges the XRP community to monitor this
fractal closely, highlighting the need to monitor price movements
in the coming weeks. XRP Price Eyes $16 As Analyst Spots
Bullish Fractal An XRP supporter on X (formerly Twitter), known as
‘LUDXRP,’ has released a detailed chart analysis, predicting that
the XRP price could climb to an ambitious price target of $16.15.
The analyst mentioned the presence of a historic fractal on the XRP
chart. Related Reading: Dogecoin Price On Its Way To $1: Why A
Retest Of $0.48 Is More Important Than Anything The fractal
pattern, indicated by the blue circle in the chart, highlights a
significant upward movement in the XRP price. Following the
movements of the chart, if XRP can replicate this fractal, it could
trigger a significant price rally toward $16.15. Multiple
green horizontal lines have also been shown in the chart,
spotlighting different resistance and support zones that could
trigger a reaction in the XRP price. With XRP trading at $2.42, the
horizontal trend lines above its current price are seen as crucial
resistance levels. The analyst highlighted intermediate price
levels like $2.8, $4.1, $7.6, and $12.7 as crucial resistance
levels, which XRP must surpass before reaching the ambitious target
of $16.15. Additionally, the chart identifies $2 as a potential
support level, warning that if the price drops below this mark, it
could lead to a possible price dip to $1. With the possibility of
breaking above $16, the XRP supporter has urged community members
to monitor the fractal on the price chart closely. He emphasized
the importance of XRP maintaining an upward trend within the blue
circle, which could trigger his projected price increase toward
$16. XRP To See “Face Melting” Rally This
Christmas A crypto analyst identified as the ‘Charting Guy’ on X
has expressed optimism about XRP’s future price outlook. According
to the analyst, XRP could experience a ” face-melting “ rally to
new highs by Christmas and in late January. Related
Reading: Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of
All Holders Back Into The Green The analyst has stated that if XRP
continues to follow past bullish trends seen in 2017, the market
will likely consolidate for another two weeks until Christmas. He
disclosed that this bullish projection was primarily based on XRP’s
fractal rather than relying on Fibonacci levels. In response to a
comment from a crypto community member, the Charting guy agreed
that by December 30, XRP would experience a series of strong green
weeks, potentially driven either by the Christmas hype or the
bullish sentiment surrounding the RLUSD stablecoin. The
analyst also agreed that January 20, the inauguration day of Donald
Trump as the United States (US) President, could mark the XRP price
top, which the market would likely consider a “sell the news
event.” Featured image created with Dall.E, chart from
Tradingview.com
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