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Wealth advisor Mickle believes that XRP is showing a “moon pattern,” suggesting the potential for significant gains for investors. Despite the recent crypto market sell-off caused by Bitcoin’s volatility, XRP hit a new low of $0.5446 today after reaching a four-month high of $0.65 last week.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c6dc526e48ee429e9abdeba6b4695c5d.png" />This was an impressive feat during the previous bearish market conditions. However, XRP couldn’t avoid the market-wide downturn this time. Currently, XRP has <a href="https://cryptosheadlines.com/bitcoin-price-slightly-recovers-following-us-pce-inflation-data/" rel="noopener noreferrer nofollow">recovered slightly</a> from its low but is still below the $0.6 range. Nevertheless, market watchers like Mickle are optimistic that XRP is developing a “moon shot” pattern amid the ongoing market trends.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2c0bb8f0776d4cc790a390dcd30b1058.png" /><h3 id="wealth-advisor-highlights-potential-for-xrp-based-on-historical-patterns">Wealth Advisor Highlights Potential for XRP Based on Historical Patterns</h3>In a recent <a href="https://x.com/xrpmickle/status/1819373242202599880" rel="noopener noreferrer nofollow">analysis</a>, U.S.-based wealth advisor Mickle pointed out that XRP is currently completing a massive formation that has historically led to significant price increases. Mickle referenced the pattern XRP exhibited between 2013 and 2017, during which the cryptocurrency formed a symmetrical triangle pattern. This pattern began with a peak value of $0.0485 in 2013 and reached a low of $0.0055 in early 2017.Eventually, XRP reversed this trend, initiating a <a href="https://cryptosheadlines.com/shiba-inu-price-flag-pattern-signals-18-breakout-rally/" rel="noopener noreferrer nofollow">breakout rally that propelled its price</a> close to an all-time high of $4. Mickle noted that before this major move, XRP displayed patterns that suggested impending “doom and gloom.” During this period, XRP traded sideways despite exponential improvements in its fundamentals, leading critics to dismiss it as a “crap coin” with no future use.However, in one of the most parabolic moves in cryptocurrency history, XRP’s price surged dramatically, instantly pricing out many investors. Considering XRP’s low value before the surge to $3.84, the price growth exceeded 70,000%, highlighting the potential for significant gains based on similar historical patterns.<a href="https://cryptosheadlines.com/the-future-of-real-time-payments-zebec-protocol-in-2024s-crypto-market/" rel="noopener noreferrer nofollow">Also Read: The Future of Real-Time Payments: Zebec Protocol in 2024&#39;s Crypto Market</a><h3 id="how-xrp-could-rise-this-time">How XRP Could Rise This Time</h3><a href="https://x.com/xrpmickle/status/1819373242202599880" rel="noopener noreferrer nofollow">Mickle highlighted</a> that examining XRP’s current behavior reveals that it is visibly forming a symmetrical triangle pattern similar to its previous formation, suggesting the potential for history to repeat itself. Mickle described <a href="https://cryptosheadlines.com/xrp-investment-potential-surpasses-amazon-apple-netflix-stocks-expert/" rel="noopener noreferrer nofollow">investing in XRP as akin to buying Apple’s stock</a> in the early days, which has seen gains of over 5,000%. However, he expects XRP to perform even better, suggesting a potential 100,000% return for the coin—a view shared by other XRP community analysts.Despite this optimistic outlook, critics strongly disagree with such ambitious estimations, citing XRP’s current multi-billion dollar market cap. Conservative estimates project that XRP could reach around $2 to $5 if the anticipated symmetrical triangle pattern breaks to the upside.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2c0bb8f0776d4cc790a390dcd30b1058.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bb85be3395f8400599375f4d8f718f11.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Wealth Advisor Sees Potential in XRP Amid Market Trends

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