There is a crypto analyzer on the XRP stock price historyhinting at a possible breakout above $10 if the prominent altcoin can reproduce the fractal of the past. The analyst urges him The XRP community to closely monitor this fractal, highlighting the need to monitor price movements in the coming weeks.
XRP price eyes $ 16 as the analyst sees a fractal bull
There is an XRP supporter on X (formerly Twitter), called 'LUDXRP' released Detailed chart analysis, predicts that the price of XRP may climb to kina an ambitious price target to buy for 16.15 US dollars. The analyst mentioned the presence of a historical fractal on the XRP chart.
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The fractal patternindicated by the blue circle in the chart, indicating a significant upward movement in the price of XRP. Following the chart's movements, if XRP can reproduce this fractal, it could important price collection to buy for 16.15 US dollars.
Several green horizontal lines are also shown in the chart, indicating various resistance and support zones that may trigger a reaction in the chart. XRP price online. With XRP trading at $2.42, the horizontal trend lines above the current price are seen as vital resistance levels.
The analyst identified intermediate price levels as $2.8, $4.1, $7.6, and $12.7 as crucial protection levels, which XRP must cross before reaching the ambitious target of $16.15. Furthermore, the chart points to $2 as a potential support level, warning that if the price falls below this mark, it could lead to possible price reduction to $1.
With the possibility of a break above $16, the supporter of XRP has urged the members of the community to keep a close eye on the sadness on the price chart. He emphasized the importance of XRP maintaining an upward trend within the blue circle, which could encourage projected price increase towards $16.
XRP To See A “Face Melting” Rally This Christmas
A crypto analyst is identified as the 'Charting Guy' on X express optimism about future XRP price outlook. According to the analysis, XRP could experience a “frontal meltdown” rally to new heights before Christmas and at the end of January.
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The analyst has said that if XRP continues to follow bullish trends seen in 2017, the market is likely to consolidate for another two weeks until Christmas. he is published that this bullish projection was mostly based on the XRP fractal rather than relying on it Fibonacci levels.
In response to a opinion from a member of the crypto community, the Charting guy agreed that by December 30, XRP will experience a series of strong green weeks, which could be driven by the Christmas hype or the supportive sentiment around. RLUSD stablecoin.
The analyst also agreed that January 20, the dedication day Donald Trump as the President of the United States (USA), could mark the top of the XRP price, which the market would likely consider a “news selling event.”
Featured image created by Dall.E, chart from Tradingview.com
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