XRP Price Prediction: Analyst Says History Is Repeating Itself, Here’s How

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	446,198,535,679	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

446,198,535,679

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	107.84	3.00%	3,701.33	3,700.96	3,700.97

Price Change

Price Change %

Current Price

Bid Price

Offer

107.84

3.00%

3,701.33

3,700.96

3,700.97

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,727.91	3,569.63	3,591.28	3,593.49	2,020.96 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,727.91

3,569.63

3,591.28

3,593.49

2,020.96 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:26:43	0.018323	3,701.30	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:26:43

0.018323

3,701.30

USD

Price x Volume	Volume	Base Symbol	Related Pairs
153,547,211.65	42,036.57	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

153,547,211.65

42,036.57

XRP Price Prediction: Analyst Says History Is Repeating Itself, Here’s How

30/11/2024 3:00am

NEWSBTC

A crypto analyst has shared a technical analysis of the XRP price in a 4-hour time frame. Currently, the XRP chart highlights distinct patterns in market behaviour, suggesting that historical price action may be repeating itself. The analyst predicts that if the cryptocurrency can successfully replicate these bullish historical patterns, it could trigger an upward surge for XRP. XRP Price Patterns Signal Bullish Potential Richard, the crypto analyst on TradingView, popularly known as ‘The Signalyst,’ has declared that history is repeating itself in the XRP price chart. The analyst shared a detailed analytical report on XRP, predicting its future target while examining critical aspects of its current price action. Related Reading: Bitcoin Price Rejection At $99,000: Temporary Or End Of The Bull Rally? According to Richard, the XRP 4-hour chart reveals an intriguing pattern characterised by lower lows and a sharp bullish impulse. The two red arrows labeled “LL” on the price chart indicate areas where the XRP price made lower lows mid-November, signaling a correction or a trend reversal. This downward trend was quickly followed by a period of consolidation within a defined range seen in the green zone on the chart. After experiencing lower lows and bearish momentum, Richard pinpointed that the XRP price entered a corrective phase, stabilizing within the aforementioned green zone. Eventually, XRP broke above this green resistance range, triggering a bullish impulse that pushed the cryptocurrency to its previous price high of $1.5. Although the XRP price has corrected again and was trading at around $1.4 earlier this week, Richard has highlighted that the cryptocurrency seems to be repeating the above historical set-up. Its price has entered a new consolidation phase just below the $1.53 level, signaling the start of its next bullish movement. Should the XRP price repeat this pattern and break above the $1.53 threshold, the analyst suggests that this would validate XRP’s anticipated bullish impulse position and pave the way for a potential rally toward the $2 psychological level. Analyst Labels XRP At $1.4 A Bargain Buy Steph, a crypto analyst on X (formerly Twitter), has called the XRP price a bargain buy at $1.4. Following its surge above $1.5 earlier this month, the XRP price witnessed a slight trend reversal, pushing it down to $1.4. Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 Steph disclosed that the $1.4 XRP price was a prime buying opportunity for investors, as a breakout to the upside was about to begin. Concerning the predicted breakout, it seems the analyst was spot on, as the XRP price is currently trading at $1.6, marking an 8.7% increase in the last 24 hours. While XRP continues to gain momentum, Steph predicts that the cryptocurrency could soon see an explosive increase to $50. With this bullish scenario in mind, Richard has urged investors to start buying XRP before further adoption drives its price into “the very expensive range,” between $22 and $120. Featured image created with Dall.E, chart from Tradingview.com

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