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A crypto analyst has shared an XRP price chart, hinting at a potential breakout above $10 if the prominent altcoin can replicate a past fractal. The analyst urges the XRP communityto monitor this fractal closely, highlighting the need to monitor price movements in the coming weeks. XRP Price Eyes $16 As Analyst Spots Bullish Fractal
An XRP supporter on X (formerly Twitter), known as ‘LUDXRP,’ has releaseda detailed chart analysis, predicting that the XRP price could climb to an ambitious price targetof $16.15. The analyst mentioned the presence of a historic fractal on the XRP chart. Related Reading Dogecoin Price On Its Way To $1: Why A Retest Of $0.48 Is More Important Than Anything 1 day ago Source: X
The fractal pattern, indicated by the blue circle in the chart, highlights a significant upward movement in the XRP price. Following the movements of the chart, if XRP can replicate this fractal, it could trigger a significant price rallytoward $16.15.
Multiple green horizontal lines have also been shown in the chart, spotlighting different resistance and support zones that could trigger a reaction in the XRP price . With XRP trading at $2.42, the horizontal trend lines above its current price are seen as crucial resistance levels.
The analyst highlighted intermediate price levels like $2.8, $4.1, $7.6, and $12.7 as crucial resistance levels, which XRP must surpass before reaching the ambitious target of $16.15. Additionally, the chart identifies $2 as a potential support level, warning that if the price drops below this mark, it could lead to a possible price dipto $1.
With the possibility of breaking above $16, the XRP supporter has urged community members to monitor the fractal on the price chart closely. He emphasized the importance of XRP maintaining an upward trend within the blue circle, which could trigger his projected price increasetoward $16. XRP To See “Face Melting” Rally This Christmas
A crypto analyst identified as the ‘Charting Guy’ on X has expressedoptimism about XRP’s future price outlook. According to the analyst, XRP could experience a ” face-melting “ rally to new highs by Christmasand in late January. Related Reading Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of All Holders Back Into The Green 1 day ago
The analyst has stated that if XRP continues to follow past bullish trends seen in 2017, the market will likely consolidate for another two weeks until Christmas. He disclosedthat this bullish projection was primarily based on XRP’s fractal rather than relying on Fibonacci levels.
In response to a commentfrom a crypto community member, the Charting guy agreed that by December 30, XRP would experience a series of strong green weeks, potentially driven either by the Christmas hype or the bullish sentiment surrounding the RLUSD stablecoin.
The analyst also agreed that January 20, the inauguration dayof Donald Trump as the United States (US) President, could mark the XRP price top, which the market would likely consider a “sell the news event.” Price stalls at $2.3 | Source: XRPUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com