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Crypto Analyst Details the Technical Case for a Sustained, Long-Term XRP Rally

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bullish XRP forecast from an analyst is based on the repetition of historical market cycles and a seven-month triangle pattern.
  • An analyst has published a bullish forecast for XRP based on three key technical factors.
  • The analysis cites the repetition of historical market cycles from 2017 and 2020.
  • XRP has also formed a seven-month symmetrical triangle, a classic pre-breakout pattern.

A top crypto analyst mostly followed for his data-driven XRP charts, has laid out a bullish case for the token’s long-term price action. The analysis focuses on three primary technical factors that suggest XRP is preparing for a significant upward movement based on its past market cycles.

This forecast arrives as XRP trades near $2.16, with its daily trading volume at $1.82 billion, a decline of 32.62%. The analysis suggests the current market action is part of a larger consolidation phase that has historically preceded major price rallies.

Analysis Cites Repetition of Historica…

The post Crypto Analyst Details the Technical Case for a Sustained, Long-Term XRP Rally appeared first on Coin Edition.

3h ago
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