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XRP

Expect A “Biblical Move” Off This Formation; Analyst Tells XRP Investors

Scott Matherson
by Scott Matherson
2 months ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto market analyst, JD has issued a high-impact forecast for XRP investors, pointing to a massive breakout brewing on the horizon. Citing rare technical signals and a repeating chart pattern last seen before XRP’s 2017 bull run, the expert predicts a “biblical move” in the coming months.  

XRP Poised For Biblical-Level Rally

In a recent technical analysis posted on the X social media platform, JD shared a bold outlook for XRP, highlighting what he calls a biblical move forming on the long-term chart. Based on a multi-year triangle formation and confirmed bullish technical signals, JD points to a significant price explosion in the next few months, followed by what he predicts could be a historic crash. 

Related Reading: Pundit Warns XRP Investors To Not Make This Grave Mistake This Cycle

In his 2-week XRP chart, JD illustrated a breakout above a long-standing symmetrical triangle pattern. This formation is supported by a confirmed bullish crossover on both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators. According to the analyst, this exact combination previously led to a 28x breakout during XRP’s powerful 2017 bull rally. Now, a similar structure appears to be forming again, sparking fresh optimism for another potential rally. 

XRP
Source: JD on X

XRP’s RSI, currently at 71.93, crossed above a key resistance level, while the MACD shows a bullish crossover below the baseline. JD firmly dismisses short-term pullbacks, referring to them as emotional traps for “dumb money,” and stating that these temporary dips do not compromise the overall bullish structure of XRP. 

In addition to his short- to mid-term projection, JD also warns of an eventual correction in the XRP price. When asked how deep the cryptocurrency could fall after its next move, he mentioned that he would call the crash when the market top is confirmed, echoing his previous accurate prediction of XRP’s 70% drop to $0.28. Although the analyst has not specified the exact timing of such a severe crash, he expects it after the next parabolic rally. 

Analyst Says XRP To $15 Still In Play

Crypto market expert Shawn Marks has weighed in on XRP’s current price behavior, linking it to a broader bullish trend and forecasting a potential explosive rally toward the $10-$15 range. The analyst noted that XRP has experienced a 92% rally over the past month, rising from $1.95 to surpass the $3.6 level. 

Related Reading: Signal That Sparked 630% XRP Price Rally In 2024 Just Got Triggered Again

This explosive move caught the attention of the broader crypto market, signaling the resurgence of bullish momentum in the altcoin market. However, the rally took a brief pause as XRP corrected by 16%, and is now trading at $3.05. Despite the steep drop, Marks remains unfazed, calling the retracement a healthy and unexpected pullback in an otherwise bullish structure. 

The analyst suggests that XRP’s recent decline is not a sign of weakness but rather a consolidation phase before the next leg up. Once the altcoin bottoms out, Marks predicts that it could resume its upward trajectory, targeting a price range of $10 to $15.

XRP
XRP trading at $3.12 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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