XRP Price Breakout Above $10: Analyst Tells Community To Pay Attention To This Fractal

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As a seasoned analyst with over two decades of experience in the financial markets, I have seen my fair share of market cycles and fractals, and I must admit that the current XRP price chart is intriguing. The fractal pattern spotted by ‘LUDXRP’ does bear a striking resemblance to past bullish movements in XRP’s price history.

A cryptocurrency expert has posted an XRP price graph, suggesting that it could surge beyond $10 if XRP follows a previous pattern. The expert advises XRP enthusiasts to keep a close eye on this pattern, emphasizing the importance of tracking price fluctuations over the next few weeks.

XRP Price Eyes $16 As Analyst Spots Bullish Fractal

On the platform previously known as Twitter, a user named ‘LUDXRP,’ who is supportive of XRP, has shared a comprehensive analysis of charts, suggesting that the value of XRP could potentially soar to a significant level of $16.15. This forecast is based on the observation of a notable historical pattern or fractal in the XRP chart.

In the graph, the circular mark in blue signifies a notable increase in the XRP’s price, suggested by the fractal pattern. If this fractal pattern repeats itself in the chart, it might lead to a substantial surge in XRP’s price potentially reaching approximately $16.15.

As an analyst, I’ve noticed several distinct green horizontal lines drawn across the chart, highlighting various potential resistance and support zones that could potentially influence the price of XRP. Currently, XRP is trading at $2.42, and these trend lines above its current value are considered significant resistance levels that might spark a response in the market.

The analyst emphasized key resistance points at $2.8, $4.1, $7.6, and $12.7 as significant barriers for XRP to overcome before aiming for the higher goal of $16.15. On the other hand, the chart suggests that $2 might serve as a protective base, cautioning that if the price falls below this point, it could potentially trigger a slide down to $1.

If XRP surpasses $16, its supporters advise keeping a close eye on the pattern visible in the price chart, referred to as a fractal. They underline that for the predicted rise towards $16 to occur, it’s crucial that XRP continues its upward trajectory within the highlighted blue circle.

XRP To See “Face Melting” Rally This Christmas

A well-known crypto expert known as ‘The Charting Guy’ has shown enthusiasm towards XRP’s potential price trajectory in the coming months. This analyst predicts that XRP might surge dramatically, reaching record highs around Christmas and the end of January.

According to the analyst’s prediction, if XRP maintains its previous bullish patterns as seen in 2017, it seems likely that the market will hold steady for about two more weeks until Christmas. This optimistic forecast is primarily supported by XRP’s fractal pattern, rather than being influenced by Fibonacci levels.

Responding to a cryptocurrency enthusiast’s remark, the Charting expert indicated his belief that by December 30th, XRP could undergo a succession of robust green weeks. This upward trend might be fueled either by the excitement leading up to Christmas or the optimistic outlook towards the RLUSD stablecoin.

The analyst too believed that the peak in XRP’s price might have occurred on January 20, the day Donald Trump was inaugurated as the U.S. President. This event, which the market often views as an opportunity to sell, could be referred to as a “selling-on-news situation.

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2024-12-14 01:34