2024

Symmetric

Shiba Inu

<div class="watcher-guru">  
 <p>Two noteworthy crypto analysts have spotted similarities that point to XRP repeating the price explosion that captivated markets five years ago. The potential return awaits a symmetrical triangle breakout that could launch imminently.</p> 
 <p>A recent report directs attention to historical price patterns and momentum indicators growing increasingly bullish for the embattled token following a lengthy consolidation period plagued by sharp underperformance.</p> 
 <p>One market observer highlighted that XRP carved an almost identical multi-year triangle after its 2013 peak and ensuing bear trend. That structure held XRP rangebound before a violent 2017 upside resolution added four zeros to its price.</p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div> 
 </div> 
 <p><strong>Also read: Ripple: When Can XRP Hit $394 To $594 Range?</strong></p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">#XRP – monthly close is Wednesday! Currently looking at the Symmetrical Triangle &amp; MACD<br><br>Last time we were w/in a Symmetric Triangle, MACD crosses above 0 which cause the breakout w/PARABOLIC MOVE!<br><br>All I know is 2024 will be the year!💪<br><br>RT/Like for monthly update next week!… pic.twitter.com/ckMVnpg1kD</p>— JD 🇵🇭 (@jaydee_757) January 28, 2024
   </blockquote> 
  </div>
 </figure> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>Now a new symmetrical triangle caps upside as Ripple XRP lags the current bull market. However, a key difference in this cycle involves time spent carving the technically bullish formation.</p> 
 <h2 class="wp-block-heading" id="h-is-xrp-set-for-another-rally">Is XRP set for another rally?</h2> 
 <p>Another analyst suggests today’s version requires an ultimate capitulation wick to set the stage for fireworks. Intriguingly, a massive downside wick did precede the 2017 euphoria as frustrated holders gave up on lagging returns. The researchers expect that the despair phase will repeat, offering a final discounted entry opportunity before launch.</p> 
 <p>Adding confidence, momentum signals like the monthly MACD produced a textbook crossover in late 2016 aligned with the previous XRP breakout. That exact dynamic is converging again today, further solidifying the historical roadmap and providing insight.</p> 
 <p><strong>Also read: Shiba Inu (SHIB) Forecasted To Reach $0.001: Here’s When</strong></p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div> 
 </div> 
 <p>XRP has vastly underperformed top tokens like Bitcoin since September amid legal skirmishes and questions over its role in future global finance infrastructure. Its current triangle apex could portent similar dynamics to those in 2017, where lagging returns ultimately reversed with fury. For XRP investors, the <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> provides a flicker of much-needed hope</p> 
</div> 
<div class="cs-entry__tags">
 <ul>
  <li>ripple xrp</li>
  <li>xrp</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-historical-patterns-suggest-potential-price-explosion-tbt78317.html">https://thebittimes.com/ripple-xrp-historical-patterns-suggest-potential-price-explosion-tbt78317.html</a></p>

Ripple: XRP Historical Patterns Suggest Potential Price Explosion

Table of Contents

TheBitTimes

Other articles published on Jan 31, 2024

Insights into the Federal Reserve’s Interest Rate Decision on January 31

Bitcoin Price Likely to Go Parabolic: Samson Mow

21Shares & Ark Invest Spot Bitcoin ETF Rakes in Whopping $600M

Rebel Satoshi Breaks Records in Presale, Surpassing Bonk and PEPE in Investors’ Eyes

Alessandro De Crypto Video Update on Meme Kombat Presale – Could This Meme Coin Be the Next to Pump?

BNB Chain to drive DeFi, gaming and AI adoption in 2024

Join our free newsletter for daily crypto updates!