XRP Analyst Predicts Price Surge Based on Historical Patterns
A crypto analyst has shared a technical analysis of the XRP price in a 4-hour time frame. The XRP chart shows distinct market behavior patterns, indicating a potential repetition of historical price action. The prediction suggests that if these bullish patterns are replicated, an upward surge for XRP may occur.
XRP Price Patterns Signal Bullish Potential
Richard, known as ‘The Signalyst’ on TradingView, has declared the recurrence of historical patterns in the XRP price chart. His analysis includes future price targets and critical evaluations of current price action.
The XRP 4-hour chart reveals a pattern of lower lows followed by a significant bullish impulse. The two red arrows labeled “LL” indicate areas where the XRP price made lower lows in mid-November, suggesting a correction or trend reversal. This downward trend was succeeded by a consolidation phase within the green zone on the chart.
After lower lows and bearish momentum, XRP stabilized in the green zone. It subsequently broke above this resistance range, leading to a bullish movement that returned the price to $1.5. Although the price corrected to around $1.4 earlier this week, Richard noted a new consolidation phase just below $1.53, indicating the potential for a bullish movement.
If XRP breaks above $1.53, this could validate the anticipated bullish impulse and lead toward the psychological $2 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 a surge above $1.5, XRP experienced a slight reversal down to $1.4.
Steph identified the $1.4 price point as a prime buying opportunity, predicting an imminent upside breakout. Currently, the XRP price is trading at $1.6, reflecting an 8.7% increase over the last 24 hours.
As XRP continues to gain momentum, Steph predicts a potential explosive rise to $50. Richard has advised investors to consider purchasing XRP before broader adoption drives its price into the higher range of $22 to $120.
