An experienced trader has caused a stir in the cryptocurrency community by making a daring prediction about XRP: the asset might be ready for a 60 percent spike that would cause its price to surpass $3. The prediction comes as XRP is forming what the trader describes as an extremely uncommon and historically consistent chart configuration; this pattern was last seen during the asset’s historic 2017 rally.
This newfound optimism regarding XRP comes as the market as a whole is picking up steam and investors are reassessing altcoins in search of new opportunities. This analysis’s trader, who is well-known in the cryptocurrency community for predicting significant market movements, emphasized important technical indicators that imply XRP is not only cheap but also getting ready for a potentially explosive move.
If the pattern continues, XRP might soon return to price levels that haven’t been seen in years, giving long-time holders who have withstood market volatility and regulatory upheaval new hope.
The Forecast’s Technical Basis
The chart in question seems to combine a bullish divergence across important timeframes with a macro cup and handle formation. According to the analyst, this combination of signals is similar to the structural build-up that occurred before XRP’s historic breakout to more than three dollars in early 2018.
Additionally, the token has recently demonstrated strength by maintaining above psychological support close to the fifty-cent range while subtly increasing buying volume. The trader observed that Bollinger Bands, which are frequently a sign of impending volatility spikes, are tightening and that the Relative Strength Index (RSI) has reset to a neutral level, creating space for upward momentum.
Although this setup does not guarantee immediate profits, it provides a robust probabilistic framework that experienced traders often closely monitor when they initiate swing or long-term positions.
Regulatory Obstacles Resolve as Hope Increases
The broader market narrative about Ripple’s improving legal outlook with the US Securities and Exchange Commission supports the bullish thesis. In spite of regulatory pressure, XRP has held strong and is profiting from greater clarity regarding its classification as a non-security.
This combination of fundamentals and technicals may set up XRP for a long-awaited price breakout, especially when combined with the expanding adoption of Ripple’s payment technologies by financial institutions around the world.
Although experienced investors will always be wary of hype cycles, the current state of the market and the chart structure surrounding XRP suggest that the asset may once more garner media attention and investor interest.
Also read: CoinMarketCap’s Top Gainers and Losers Today: AGLD Rises, CHEEL Slides
