Rally

2024

Crypto analyst CryptoBull @CryptoBull2020) has presented a detailed <a href="https://x.com/CryptoBull2020/status/1833489070665658496?t=hQ3bsztA_pH16NAh0Jj88g&amp;s=19" rel="nofollow">analysis</a> of XRP’s price movements, suggesting the digital asset could see a significant breakout. According to his predictions, XRP might experience an astonishing rise of more than 42,000%, potentially reaching a price of $227. 
This projection is based on historical chart patterns, which the analyst argues resemble XRP’s past behavior. The analysis centers on the formation of symmetrical triangles—a technical pattern it has previously exhibited before experiencing major rallies. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> chart based on the previous cycle predicts $227 this bullrun. <a href="https://t.co/PbK4R3klFY">pic.twitter.com/PbK4R3klFY</a> 
 — CryptoBull (@CryptoBull2020) <a href="https://twitter.com/CryptoBull2020/status/1833489070665658496?ref_src=twsrc%5Etfw">September 10, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-the-first-symmetrical-triangle-pattern-strong">The First Symmetrical Triangle Pattern</h2> 
The monthly XRP chart that CryptoBull posted highlights two symmetrical triangles that have formed over the years. The first triangle emerged in late 2013, coinciding with the token’s all-time high of $0.0614 recorded in December 2013. XRP experienced a steep decline after this rise, eventually bottoming out at $0.00281 in July 2014. 
This decline marked the beginning of a consolidation phase. The consolidation phase lasted for about 38 months, from late 2013 to early 2017. During this period, XRP formed a symmetrical triangle, and by early 2017, XRP’s price action signaled that a breakout was approaching. 
In March 2017, XRP broke out of this triangle, leading to an unprecedented price surge. XRP hit a new all-time high of $3.84 by January 2018, representing an increase of over 100,000% from its low in 2014, a rally some believe it can <a href="https://timestabloid.com/market-strategist-states-major-catalyst-for-100000-xrp-price-rally/">recreate soon</a>. This rapid rise in value demonstrated the potential of XRP to generate significant gains following periods of consolidation. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a> 
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw">July 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-the-second-symmetrical-triangle-strong">The Second Symmetrical Triangle</h2> 
After the cryptocurrency peaked in January 2018, its price saw another sharp decline. This retracement marked the beginning of a second symmetrical triangle, which has persisted for over 80 months. During this time, XRP’s price has continued to exhibit the pattern of higher lows and lower highs, maintaining a similar formation to the previous triangle. 
While XRP has yet to break out from this current triangle, CryptoBull believes that the pattern indicates a major breakout is likely to occur soon. The extended duration of this consolidation phase and its resemblance to the 2017 pattern, has led to predictions of another significant price surge. 
The analyst has set a target of $227, based on the potential breakout from the ongoing symmetrical triangle. Notably, the $228 target is one of the highest based on technical Indicators and historical patterns. 
Some see this target as unrealistic, as it would send the digital asset’s market cap to almost $13 trillion, while the market cap barely exceeds $2 trillion. However, multiple experts have weighed in on <a href="https://timestabloid.com/multiple-experts-discuss-xrp-likely-price-2025/">XRP’s price in 2025</a>, and CryptoBull’s analysis offers hope for a massive surge. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
Follow us on <a href="https://twitter.com/TimesTabloid1" rel="nofollow">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" rel="nofollow">Facebook</a>, <a href="https://t.me/markettabloid" rel="nofollow">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" rel="nofollow">Google News</a> 
The post <a href="https://timestabloid.com/if-history-repeats-analyst-says-xrp-is-poised-to-rally-40400/">If History Repeats, Analyst Says XRP Is Poised to Rally 40,400%. Here’s the Chart</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.

If History Repeats, Analyst Says XRP Is Poised to Rally 40,400%. Here’s the Chart

Table of Contents

Times Tabloid

Other articles published on Sep 13, 2024

SEC Issues Crypto Investor Alert as It Makes Major U-Turn

84% of Polymarket Bettors Believe Donald Trump Will Likely Launch a Token

Surprise Altcoin Critical Staking Vote Accepted! Which Users Can Participate?

Analytics Company Reveals the Level at Which It Expects Bitcoin Price to Plummet and Find a Bottom

Qubetics Provides Unmatched Security and Scalability- Join its Whitelist to Enjoy Exclusive Offer...

Analyst Foresees Ethereum Price Drop

Join our free newsletter for daily crypto updates!