No one telling you this about XRP
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The recent analysis on XRP presents intriguing upward potential with a projected long-term target of $64 by 2032. The setup, based on the formation of a bullish pennant, highlights a robust continuation pattern. This structure combines a consolidation phase (triangle) and a preceding upward surge (pole), which, when measured, suggests significant bullish potential. The monthly chart, utilized for this projection, will be updated periodically to track development.
The Relative Strength Index (RSI) is nearing its previous all-time high (ATH) zone, indicative of strong upward momentum. Historically, such RSI behavior aligns with substantial rallies, reinforcing the probability of XRP exceeding its former ATH of $3.28. The current trajectory suggests XRP is poised for an extended bullish cycle, supported by technical confluence.
Additionally, it is worth revisiting a critical observation from July 23, 2023, when XRP traded near $0.47. At that time, it was advised not to sell XRP at such low levels, as technical analysis strongly indicated long-term growth potential. The analysis from that period further validates the current bullish outlook, emphasizing the importance of strategic patience. Those who heeded this advice are now enjoying the remarkable progress in XRP's price action.
Further updates will refine these projections in response to market developments.
The Relative Strength Index (RSI) is nearing its previous all-time high (ATH) zone, indicative of strong upward momentum. Historically, such RSI behavior aligns with substantial rallies, reinforcing the probability of XRP exceeding its former ATH of $3.28. The current trajectory suggests XRP is poised for an extended bullish cycle, supported by technical confluence.
Additionally, it is worth revisiting a critical observation from July 23, 2023, when XRP traded near $0.47. At that time, it was advised not to sell XRP at such low levels, as technical analysis strongly indicated long-term growth potential. The analysis from that period further validates the current bullish outlook, emphasizing the importance of strategic patience. Those who heeded this advice are now enjoying the remarkable progress in XRP's price action.
Further updates will refine these projections in response to market developments.
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Some people interpret charts without deeper analysis, assuming that posting a target means the price will reach it immediately. It's important to recognize that every major price movement is typically preceded by a specific pattern.
The pattern I’ve identified is on the Monthly timeframe, which makes it highly significant and could potentially influence the market through 2032 or beyond.
Let’s take the time to thoroughly analyze charts and consider the author's explanation before forming conclusions.
Thank you all for your comments and likes! I’ll update this post soon with mid-term perspectives on XRP.
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As we all know market moves in waves, and we should also not forget the usual crypto cycles. This is my current wave counts on XRP, I may be wrong anyways let discuss. Wave 3 in progress
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XRP will move when btc settles.Not
XRP is ready to make a test on previous ATH.
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The current ATH we are waiting for is here. Still expecting a test towards it before mini correction begin.
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The ultimate support level is a critical support area that must be protected.
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Potential uptrend channel projection
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Do not miss to buy every major dip on XRP, this will give great joy soon.Not
Everything looking perfectly great fpr XRP. only time will tell when this will explode.
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Going so well as preplanned. Not
Xrp continues it's accumulation.
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XRP accumulation is breaking out and this should take xrp to next level as projected on the chart.
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