Third Ever XRP Bull Signal Is Back: What To Expect

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	30,470,977,257	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

30,470,977,257

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0243	4.52%	0.5621	0.5623	0.5624

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0243

4.52%

0.5621

0.5623

0.5624

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.573	0.5326	0.538	0.5378	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.573

0.5326

0.538

0.5378

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:11:19	100.00	0.5621	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:11:19

100.00

0.5621

USD

Price x Volume	Volume	Base Symbol	Related Pairs
55,200,576.42	100,320,784.40	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

55,200,576.42

100,320,784.40

Third Ever XRP Bull Signal Is Back: What To Expect

08/11/2023 8:03pm

NEWSBTC

XRP is trading at roughly 70 cents per token, but if a recent high timeframe bullish crossover is just the start of the upside to come, the cryptocurrency could be gearing up for an explosive rally. Fishing For New All-Time Highs In XRP XRP is among a few major cryptocurrencies that failed to set a new all-time high in 2021 above its 2018 peak. The lack of strength three years following the still-standing price record could be due to the fact 2018 capped off a 50,000% surge. When that surge back then happened, it occurred just as the 3-month Fisher Transform flipped bullish. That was the first instance of the Fisher Transform crossing bullish and it triggered alongside a breakout from a downtrend line. Related Reading: XRP Price Historical Data Suggests Substantial Q4 Rally Possible The second Fisher Transform 3M signal crossed bullish from much lower, but failed to produce the same substantial upside as the first crossover. Now the crossover is back and it is happening at levels that match the first epic rally. Could the third-time be the charm and produce another rally similar to the first crossover? XRP to over $6? | SRPUSD on TradingView.com The Possible Target Of The Triangle Thrust Considering the law of diminishing returns, the probability of another 50,000% rally is extremely low. However, that doesn’t mean something special couldn’t be on the way. XRP is also breaking out from a downtrend line and triangle pattern on the 3M timescale. The target of this pattern based on the measure rule is an 850% rally, if the price objective is met. This realistically puts XRP at a minimum of $6. Related Reading: XRP Price Prediction for 2023, 2024, 2025, 2030 and Beyond Breaching the previous all-time high from 2018 could cause any really to pick up even more steam, potentially overshooting the pattern-based price objective. Triangles are typical of a wave 4 according to Elliott Wave Principle, and only appear before the final move in a sequence. Although this pattern is bullish for XRP, after the next major rally and new all-time high, things could get ugly. Crypto might be headed for longer duration bear market. Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from Shutterstock, Charts from TradingView.com

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