Analyst to XRP Holders: Please Prepare for Price Rally to $4.50. Here’s why
Main Idea
Analyst Maxi predicts a significant price rally for XRP, potentially reaching $4.50, supported by technical patterns, whale accumulation, and regulatory developments.
Key Points
1. XRP's price action aligns with a classic bullish Elliott Wave structure, with a potential breakout above $3.40–$3.66 signaling further upside.
2. Technical indicators suggest XRP could reach $4.00–$4.50, based on Fibonacci extensions and historical resistance levels.
3. Whale activity shows significant accumulation of XRP, with 310 million XRP moved off exchanges, indicating potential long-term holding.
4. Regulatory clarity from Ripple's legal battle with the SEC and speculation about an XRP ETF are boosting investor confidence.
5. A sustained breakout above $3.66 could confirm the bullish trend, but losing support at $3.00 may invalidate the $4.50 target.
Description
Maxi, a well-known market analyst, has stirred excitement across the XRP community with a bold projection: XRP is preparing for a significant rally toward $4.50. According to his recent post on X, the digital asset has completed a textbook breakout, followed by a pullback and a successful retest of previous highs, signaling that the next explosive move could be imminent. XRP Breakout Structure Aligns with Classic Bullish Pattern After reaching a new year-to-date high around $3.66, XRP corrected ...
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