Bitcoin ETF

Read

<ul> 
 <li>XRP’s recent dip below long-term support lines signals potential upward movement. Historical rebounds from such levels have led to significant rallies.</li> 
 <li>XRP’s trajectory aligns with past bullish trends. If history repeats, we could see a substantial uptrend and possibly a new all-time high.</li> 
 <li>Key Fibonacci levels for XRP hint at an impending breakout. Technical analysis supports the case for a rally.</li> 
</ul> 
<p>As the crypto market recovers steadily from the latest brutal dip caused by Mt. Gox and the German government dumping their Bitcoin (BTC), altcoins show bullish surge signals. In particular, <a href="https://twitter.com/_tallguytycoon?lang=en" target="_blank" rel="noreferrer noopener nofollow">Armando</a><a href="https://twitter.com/_tallguytycoon?lang=en"> Pantoja</a>, a crypto analyst, recently shared intriguing insights about XRP. As the post below suggests, he attributes XRP’s potential upsurge to various factors.</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">Did we just see the final <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> shakeout?<br><br>In 2017, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> dipped below a 3-year support line, then surged 70,000% in 240 days! <br><br>The same movement could be incoming!!<br><br>Reasons:<br><br>1. Support Line Dip: XRP dipped below long-term support.<br><br>2. Major Surge Potential: Similar setup before… <a href="https://t.co/8zB55o8lg1">pic.twitter.com/8zB55o8lg1</a></p>— Armando Pantoja (@_TallGuyTycoon) <a href="https://twitter.com/_TallGuyTycoon/status/1809317046141804925?ref_src=twsrc%5Etfw">July 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-support-line-dip-and-rebound">Support Line Dip and Rebound</h2> 
<p><a href="https://cryptonewsland.com/xrp-dips-to-under-0-40/">XRP’s </a><a href="https://cryptonewsland.com/xrp-dips-to-under-0-40/" target="_blank" rel="noreferrer noopener">price</a><a href="https://cryptonewsland.com/xrp-dips-to-under-0-40/"> recently dipped</a> below long-term support lines on daily, weekly, and monthly timeframes. Historically, such dips followed by rebounds often signal a strong potential for upward movement.&nbsp;</p> 
<p>The ability to bounce back from significant support levels demonstrates investor confidence and market strength. This typically sets the stage for a potential rally.</p> 
<p>The current market setup mirrors conditions seen before massive rallies. In 2017, XRP experienced a similar dip below a three-year support line.&nbsp;</p> 
<p>What followed was nothing short of spectacular – a 70,000% surge in just 240 days. This historical precedent suggests that a similar movement could be incoming.</p> 
<h2 class="wp-block-heading" id="h-historical-pattern-repetition">Historical Pattern Repetition</h2> 
<p>The more historical patterns repeat, the more they’re likely to reoccur. The previous breakout trend saw <a href="https://ripple.com/xrp/" target="_blank" rel="noreferrer noopener nofollow">XRP</a> reach unprecedented heights.&nbsp;</p> 
<p>If this pattern repeats, XRP could witness a <a href="https://cryptonewsland.com/xrps-surge-to-2-might-be-sooner-than-expected-xrp-could-outperform-bitcoin/">new all-</a><a href="https://cryptonewsland.com/xrps-surge-to-2-might-be-sooner-than-expected-xrp-could-outperform-bitcoin/" target="_blank" rel="noreferrer noopener">time</a><a href="https://cryptonewsland.com/xrps-surge-to-2-might-be-sooner-than-expected-xrp-could-outperform-bitcoin/"> high</a> (ATH). Historical patterns provide a blueprint for what might come. XRP’s current trajectory aligns well with past bullish trends.</p> 
<p>Technical analysts use Fibonacci retracement levels to identify potential breakout points. According to Pantoja, key Fibonacci levels for XRP suggest that a breakout is on the horizon.&nbsp;</p> 
<p>The alignment of current price action with these critical levels supports the case for an impending rally. The convergence of the above factors paints a promising picture for Ripple’s XRP. If the past is any indicator, we might be on the verge of witnessing a significant upsurge.&nbsp;</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/brett-hill-anticipates-major-pump-for-xrp/">Brett Hill Anticipates Major Pump for XRP, Crypto Community Awaits Upsurge</a></li> 
 <li><a href="https://cryptonewsland.com/xrp-holds-steady-at-0-51-amidst-whales-moves-whats-next/">XRP Holds Steady at $0.51 Amidst Whales’ Moves: What’s Next?</a></li> 
 <li><a href="https://cryptonewsland.com/ripple-ceo-says-bitcoin-etf-approval-signals-etfs-for-various-crypto-assets/">Ripple CEO Says Bitcoin ETF Approval Signals ETFs for Various Crypto Assets</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-cycle-top-expectations-takes-btc-price-to-between-200k-500k-when-is-the-next-btc-ath/">Bitcoin Cycle Top Expectations Takes BTC Price to Between $200K-$500K, When Is the Next BTC ATH?</a></li> 
 <li><a href="https://cryptonewsland.com/analysts-expect-strong-jasmy-price-surge-alongside-expected-xrp-pump/">JASMY Prints Cycle Bottom, Analysts Expect Strong JASMY Price Surge Alongside Expected XRP Pump</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/signs-point-to-massive-xrp-upsurge/">Signs Point to Massive XRP Upsurge as Analyst Observes Various Bullish Factors</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Signs Point to Massive XRP Upsurge as Analyst Observes Various Bullish Factors

Table of Contents

Crypto News Land

Other articles published on Jul 6, 2024

Next Cryptocurrency to Explode Saturday, July 6 — Aerodrome Finance, Dogwifhat, LayerZero, eCash

Vitalik Buterin Warns of Privacy Challenges Amid EU’s Chat Monitoring Proposal

DOT Price Rallies With Coinbase Secretly Applying For ETF

DOGE and SHIB Price Prediction for July 6

Top Airdrops for Altcoin Fans

Best Performing Crypto Projects for July 2024

Join our free newsletter for daily crypto updates!