XRP Price Could Break Above $10 as Analyst Highlights Fractal
A crypto analyst has shared an XRP price chart, indicating a potential breakout above $10 if the altcoin can replicate a past fractal. The analyst urges the XRP community to closely monitor this fractal and upcoming price movements.
XRP Price Targets $16 as Bullish Fractal Appears
An XRP supporter on X (formerly Twitter), known as ‘LUDXRP,’ has released a chart analysis predicting XRP could reach $16.15, citing a historic fractal on the chart.
The fractal pattern, marked by the blue circle in the chart, suggests significant upward movement for XRP. If successful, it may trigger a rally towards $16.15.
Several green horizontal lines in the chart indicate resistance and support zones that may impact XRP's price. Currently trading at $2.42, XRP faces crucial resistance levels above this price point, including $2.8, $4.1, $7.6, and $12.7, which must be surpassed to reach the target of $16.15. A drop below $2 could lead to a possible decline to $1.
The supporter emphasizes monitoring the fractal closely, stressing the importance of maintaining an upward trend within the blue circle to achieve the projected increase toward $16.
XRP Anticipates Significant Rally by Christmas
A crypto analyst known as ‘Charting Guy’ on X has expressed optimism about XRP's future price trajectory, suggesting a potential “face-melting” rally to new highs by Christmas and late January.
The analyst predicts further market consolidation for two weeks leading up to Christmas, basing this outlook on XRP’s fractal rather than Fibonacci levels. In discussions with community members, he noted that strong price movements could occur by December 30, potentially influenced by holiday sentiment or developments surrounding the RLUSD stablecoin.
Additionally, he mentioned that January 20, coinciding with Donald Trump's inauguration as US President, could mark a peak for XRP, likely triggering a “sell the news event.”
