XRP Reaches Neutral Phase, Analyst Predicts Possible Major Rally

An analysis suggests that XRP has entered a neutral phase, potentially signaling a major rally. Historically, this phase precedes strong price increases.

XRP Price Analysis

XRP has transitioned from its bottom to a neutral state, indicating the potential onset of a bull rally.
The pattern follows a historical four-phase cycle seen in previous years.
Phase 1: Sharp breakout leading to a new all-time high (ATH).
Phase 2: Formation of a Symmetrical Triangle with sideways movement.
Phase 3: Long consolidation period before breaking out.
Phase 4: Surge to a second ATH, aligned with Fibonacci extension levels.

XRP

XRP has completed Phases 1-3 in the current cycle and entered Phase 4, projected to reach an ATH near $21.5.

Momentum Indicators

Stochastic Oscillator: In Phase 2, it shows oversold levels during extended consolidation; in Phase 3, it reflects a neutral state; in Phase 4, it spikes towards overbought levels with strong breakouts.
MACD Histogram: Displays positive bars in initial breakout (Phase 1), negative during decline (Phase 2), fluctuating bars in low momentum (Phase 3), and rapid expansion in Phase 4 during breakout.

XRP