Rally

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As the major pieces begin to fall into place, XRP <a href="https://www.newsbtc.com/analysis/xrp/xrp-unusual-on-chain-behavior/" target="_blank" rel="noopener ">may now be</a> in a position where things are going well for its future price trajectory. While XRP enthusiasts are still reeling in amazement over <a href="https://bitcoinist.com/what-ripple-latest-court-win-means-for-xrp/" target="_blank" rel="noopener nofollow">Ripple’s recent win in court</a>, a crypto analyst has dropped a bullish XRP price prediction that investors can look forward to. According to the analyst known as Jaydee, XRP is getting close to skyrocketing into new price territories. 
<h2 id="b-analyst-predicts-xrp-rally-to-7-5-b">Analyst Predicts XRP Rally To $7.5</h2> 
XRP days of trading less than $1 may be ending very soon, according to a recent price prediction by crypto analyst Jaydee. The analyst made this known while sharing an ultra bullish prediction on social media platform X. According to the XRP/USD bi-weekly price chart shared by the analyst, a six-year trendline is finally drawing to a close. This trendline closure could signal the start of a massive bull run. 
Interestingly, Jaydee’s <a href="https://x.com/jaydee_757/status/1804551877184651299" target="_blank" rel="noopener nofollow">technical analysis</a> is based on a non-logarithmic price scale for XRP and a previous occurrence. Despite the price swings in the past six years, XRP has broadly traded within a descending channel since its record peak of $3.40 in 2017. 
The upper resistance line has capped upside around $1.90, while the lower support line has held above $0.14 during the multi-year bear market. However, recent price action suggests the entire 6-year downtrend is now wedging towards an apex. The contracting range is leaving less and less room for XRP to fluctuate between resistance and support. 
<img loading="lazy" decoding="async" class="size-full" src="https://www.tradingview.com/x/y1HvPF2V/" width="1835" height="883"> 
<h2 id="strong-xrp-set-for-a-breakout-strong">XRP Set For A Breakout</h2> 
As pointed out by Jaydee, this only suggests XRP is set for a breakout to the upside. Furthermore, the analyst indicated a price target of $7.5 when XRP finally surges. With XRP currently trading at $0.4873, this price target represents an increase of 1,430%. 
While that may sound outlandish, the analyst points to a similar price cycle between 2013 and 2017 to justify such an explosive move. Notably, a similar breakout of a five-year descending triangle pattern saw XRP surge over 600x to peak at $3.4. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-625998" src="https://www.newsbtc.com/wp-content/uploads/2024/06/A_52f8ed.png?resize=627%2C292" alt="" width="627" height="292" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/A_52f8ed.png?resize=627%2C292?w=627 627w, https://www.newsbtc.com/wp-content/uploads/2024/06/A_52f8ed.png?resize=627%2C292?w=460 460w" sizes="(max-width: 627px) 100vw, 627px" data-recalc-dims="1"> 
&nbsp; 
Jaydee also noted “dumb money” traders will eventually be left behind during the surge. “We will make sure to take PROFITS on Dumb Money! It will be a FUN but VERY SAD cycle for most,” the analyst <a href="https://x.com/jaydee_757/status/1804551877184651299" target="_blank" rel="noopener nofollow">said</a>. 
Whether XRP can replicate those blistering gains remains to be seen. Despite his outrageous bullishness, Jaydee did reply affirmatively to a comment mentioning that this cycle could be different from the 2017-2021 cycle. Looking at XRP’s chart, some key resistance zones to watch are around $0.54, $0.63, and $0.8.&nbsp; 
Featured image from Adobe Stock, chart from TradingView

XRP 6-Year Trendline Draws To A Close, Analyst Predicts 1,400% Rally To $7.5

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