Crypto Analyst Details the Technical Case for a Sustained, Long-Term XRP Rally
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- 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•
bullish:
0
bearish:
0
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