Rally

Evolution

<p>Analyst Javon Marks has shared an <a href="https://captainaltcoin.com/analyst-explains-how-ripple-price-could-reach-20-as-xrp-prepares-for-next-breakout/" target="_blank" rel="noopener noreferrer nofollow">analysis suggesting XRP</a> could reach $3.317 before potentially climbing to $99, representing a 69-fold increase. The analysis, posted on X, examines historical price patterns and chart formations spanning nearly a decade.</p>
<h2 class="wp-block-heading" id="strong-xrp-technical-analysis-points-to-potential-breakout-strong"><strong>XRP Technical Analysis Points to Potential Breakout</strong></h2>
<p>The analysis tracks XRP’s price movements from 2014 through 2023, revealing a clear pattern formation. A descending triangle dominated the early years between 2014 and 2016, followed by a notable price surge in 2017 that peaked near $1.70.&nbsp;</p>
<p>The post-2017 period showed extended consolidation, forming a symmetrical triangle pattern that persisted until 2023. The breakout from this symmetrical triangle pattern marks a change in market structure.&nbsp;</p>
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   <p lang="en" dir="ltr">Historical performance says there is a possibility for <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> to reach $3.317, then $99.<br><br>$99 is a than 69X from here <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">! <a href="https://t.co/a55I3KcRop" target="_blank" rel="noopener noreferrer nofollow">https://t.co/a55I3KcRop</a> <a href="https://t.co/QRpEiatXIL" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QRpEiatXIL</a></p>— JAVON <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1861620764773945575?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 27, 2024</a>
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<p>Moreover, the upper trend line, which served as resistance, has been breached, while the lower trend line continues to provide support through higher lows. This breakout setup forms the basis for the projected price targets.</p>
<h2 class="wp-block-heading" id="xrp-strong-price-targets-based-on-historical-data-strong">XRP <strong>Price Targets Based on Historical Data</strong></h2>
<p>The analysis outlines two distinct price objectives derived from chart patterns.&nbsp;</p>
<p>The first target of $3.317 stems from standard technical analysis methods, measuring the triangle’s widest section and projecting it from the breakout point. This level aligns with previous resistance zones in <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a> history.</p>
<p>The longer-term projection of $99 builds on this initial target. The measurement considers the symmetrical triangle’s completion and factors in historical price reactions.&nbsp;</p>
<p>Chart patterns show multiple support zones that could act as stepping stones toward higher prices, with the previous resistance line now serving as immediate support.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/fantom-ftm-price-pumps-theres-a-lot-to-like-says-elite-crypto-analyst/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Fantom (FTM) Price Pumps: ‘There’s a Lot to Like,’ Says Elite Crypto Analyst</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-structure-shows-evolution-strong"><strong>Market Structure Shows Evolution</strong></h2>
<p>The price chart exhibits distinct phases in <a href="https://watcher.guru/news/ripple-3-reasons-why-xrp-could-surge-to-5" target="_blank" rel="noopener noreferrer nofollow">XRP’s market development</a>. After the initial bearish period marked by lower highs, the asset entered a consolidation phase.&nbsp;</p>
<p>This consolidation manifested as a symmetrical triangle, characterized by converging trend lines connecting sequential lower highs and higher lows.</p>
<p>The combination of price structure and historical patterns provides context for the projected moves, while maintaining awareness that market conditions can shift based on various external factors.</p>
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<p>The post <a href="https://captainaltcoin.com/this-pattern-suggests-xrp-price-could-rally-69x/" rel="noopener noreferrer nofollow">This Pattern Suggests XRP Price Could Rally 69X</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Pattern Suggests XRP Price Could Rally 69X

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