Ripple’s (XRP) Price Is About to Rip and Most of You Will Miss it (Analyst) – Crypto News – Crypto News
Connect with us
This Ripple Metric Explodes by Over 600% in a Week: XRP Price Pump Incoming? This Ripple Metric Explodes by Over 600% in a Week: XRP Price Pump Incoming?

Cryptocurrency

Ripple’s (XRP) Price Is About to Rip and Most of You Will Miss it (Analyst) – Crypto News

Published

10 hours ago

on

TL;DR

  • XRP’s consolidation has continued for weeks now, as the asset has been trading within a tight range between $2 and $2.3 with very few breakout attempts.
  • However, one analyst has outlined a bullish technical pattern that could result in a substantial price pump for the fourth-largest digital asset.

In a separate video explaining the current landscape, Ali Martinez noted that “XRP is about to rip and most traders will miss it.”

This is because the asset has formed an inverse head and shoulders pattern over the past month, which he labeled as a “classic bullish setup that could result in a 12% upswing.”

To do so, though, XRP needs to reclaim the $2.33 resistance line, which would open the doors for such a surge to $2.6.

Ripple’s cross-border token has been confined in a tight range for nearly two months. In fact, the last time it traded close to Martinez’s target was back in early May.

The analyst with roughly 140,000 followers on X has repeatedly highlighted the $2.33 and $2.38 resistance lines as crucial obstacles in XRP’s path north.

Despite the recent stagnation, multiple other market commentators have laid out bullish price predictions for the asset. As reported yesterday, Steph Is Crypto touched upon the tightening Bollinger Bands, saying XRP skyrocketed by 600% the last time the technical indicator was in a similar position.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Related Topics:
Continue Reading

Trending