Market Strategist Says XRP Will Melt Faces This Week. Here’s why
Main Idea
Market strategist Bark predicts a significant surge in XRP's price to the $11–$15 range following a breakout, with potential for explosive growth, though mixed on-chain data and market factors could influence the outcome.
Key Points
1. Bark forecasts XRP could surge to $11–$15 after a decisive breakout on the weekly chart, describing the setup as potentially 'face-melting'.
2. The 1.618 Fibonacci level projects an upside target near $11.20, suggesting significant bullish potential if momentum continues.
3. On-chain data shows mixed signals, with significant XRP outflows from exchanges but also whale-to-exchange transfers that may indicate profit-taking.
4. XRP's ability to reach the $11–$15 range depends on factors like Bitcoin's trajectory, sustained trading volume, and a clean weekly close above the breakout point.
5. Traders are closely watching XRP's behavior around the $3.50–$4.00 range, as cascading buy orders could fuel further rallies or lead to a retest of the breakout zone.
Description
XRP’s technical landscape has ignited fresh excitement across the crypto market, with prominent market watcher Bark forecasting a surge to the $11–$15 range following a decisive breakout on the weekly chart. In a post on X, Bark described the setup as one that could “melt faces,” hinting at an explosive move that could catch traders off guard. The call comes as XRP trades just above $3, having broken free from months of consolidation — a move many analysts see as the start of a potentially parab...
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