Is XRP Price Ready For a 500% Rally? Trader's Chart Analysis Sparks Debate

Will XRP price “print” some millionaires in the next few months or years? This is what many traders have been pondering in recent months.

A recent analysis by a crypto trader has sparked discussion around the possibility of XRP price rallying by 500% and reaching the $3.313 level. The analysis is based on an ascending triangle pattern that has been forming for several years, indicating a potential bullish breakout.

The XRP chart also shows a previous breakout in 2017-2018, where XRP surged by 3,800%. Some traders are viewing this as a potential fractal for the current market cycle.

Additionally, the analysis highlights multiple hidden bullish divergences, which could indicate momentum building despite the stable or slightly decreasing price. Such divergences are typically seen as strong continuation indicators.

Based on this setup, the analysis suggests that XRP price could climb to around $3.313, aligning with historical patterns where XRP has rallied significantly after long consolidation periods.

A crucial factor is the 7-year trendline acting as major resistance. A breakout above this level would be a massive bullish signal, potentially leading to further upside even after reaching the $3.313 target.

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