Market Strategist Says Hardest XRP Bull Run Ever Is Coming. Here’s why
Main Idea
A market strategist predicts that XRP is entering its strongest bullish phase yet, with potential price targets reaching up to $15, based on historical price patterns and recent market behavior.
Key Points
1. XRP has been in a consolidation phase since 2022, with significant price action resuming in late 2024.
2. The digital asset recently broke above a descending resistance line and reached a new all-time high of $3.65.
3. Analyst Steph Is Crypto suggests XRP could target prices around $15, representing a nearly 360% increase from its current price of $3.28.
4. XRP's historical price behavior shows a pattern of extended consolidation followed by strong bullish phases, similar to previous formations.
5. The article mentions other bullish predictions for XRP, including targets of $5.40 and $34, based on different analyses.
Description
A recurring price formation in XRP’s long-term chart has caught the attention of traders once again, with technical data suggesting the asset could be entering another significant bullish phase. For the past three years, XRP has repeatedly followed a similar structure of consolidation beneath a descending resistance line, eventually breaking higher and entering a period of sharp price growth. XRP Historical Price Behavior According to crypto analyst Steph Is Crypto (@Steph_iscrypto), the pattern...
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