XRP Forms Ultra-Rare Fulcrum, Is $4.40 Next?
2025-07-12 15:57:22
Main Idea
XRP has formed an ultra-rare 'compound fulcrum' pattern, suggesting a potential bullish continuation with a price target of $4.40, representing a 58% increase from current levels.
Key Points
1. XRP has formed a rare 'compound fulcrum' pattern, which is a bullish signal following a prolonged decline.
2. Analyst Peter Brandt maintains a bullish outlook unless XRP closes below this week's low.
3. The price target for this pattern is $4.40, a 58% increase from current trading levels.
4. Brandt noted that chart patterns can sometimes fail, referencing XRP's false breakout in April which initially appeared bearish but was quickly invalidated.
5. Despite potential bullish signals, the market remains volatile and patterns may not always hold.
Description
XRP extremely rare pattern hints bullish continuation as price rallies 25%
Latest News
- Bitcoin (BTC) to Hit $200,000? Elliott Wave Pattern Breakdown2025-07-13 10:42:13
- Bitcoin (BTC) up 3,900,000% Since First Ever TV Mention2025-07-13 10:29:40
- $70,224,089 XRP Stuns Coinbase in Minutes, What’s Happening?2025-07-13 09:55:36
- 120,000,000,000,000 Shiba Inu (SHIB): Whales Are Taking Full Control2025-07-13 09:55:12
- 'Rich Dad Poor Dad' Author Buying More Bitcoin ASAP2025-07-13 09:32:11