Based

bullish

Gains

<p>Will <a href="https://captainaltcoin.com/three-reasons-ripple-xrp-could-print-millionaires-by-2025/" target="_blank" rel="noopener noreferrer nofollow">XRP price “print” some millionaires</a> in the next few months or years?</p>
<p>This is what many traders have been pondering in recent months. The truth is, XRP’s price hasn’t produced significant pumps this year. It’s been hovering around $0.45-$0.6 throughout 2024. At press time, it’s trading at approximately $0.53.</p>
<p>However, Javon Marks recently shared a<a href="https://captainaltcoin.com/this-pattern-indicates-xrp-price-will-rally-to-227/" target="_blank" rel="noopener noreferrer nofollow"> viral XRP price prediction</a>, forecasting that Ripple’s token could reach the $3.13 level in the upcoming period.</p>
<h2 class="wp-block-heading" id="xrp-chart-a-bullish-setup">XRP Chart: A Bullish Setup?</h2>
<p>Marks’ chart analysis reveals an ascending triangle pattern that has been forming for several years. This formation typically suggests a bullish breakout, indicating a potential long-term move above the resistance level.</p>
<p>The <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> chart also showcases a previous significant breakout from 2017-2018, where XRP experienced an explosive 3,800% rally. Some traders are viewing this as a potential fractal for the current market cycle.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="568" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-1024x568.png" alt="" class="wp-image-553770" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-1024x568.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-300x166.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-767x425.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-1536x852.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-2048x1135.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-271x150.png 271w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-100x55.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-631x350.png 631w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-174-788x436.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: <a href="https://x.com/JavonTM1/status/1833920265396629929" target="_blank" rel="noopener noreferrer nofollow">X/@JavonTM1</a></strong></em>
 </figcaption>
</figure>
<p>One key element Marks points out is the presence of multiple hidden bullish divergences. These divergences generally indicate that momentum is building even as the price remains relatively stable or decreases slightly. Traditionally, such signals are considered strong continuation indicators.</p>
<h2 class="wp-block-heading" id="xrp-price-target">XRP Price Target</h2>
<p>Based on this setup, Marks suggests <a href="https://captainaltcoin.com/analyst-maps-xrp-price-path-to-40-here-are-reasons-and-key-metrics/" target="_blank" rel="noopener noreferrer nofollow">the XRP price could experience a climb</a> of 500%, potentially reaching around $3.313. This aligns with historical patterns where XRP has rallied considerably after long consolidation periods.</p>
<p>A crucial factor to watch is the 7-year trendline acting as <a href="https://www.ig.com/en/glossary-trading-terms/resistance-level-definition#:~:text=A%20resistance%20level%20is%20the,risk%20the%20price%20falling%20back." target="_blank" rel="noopener noreferrer nofollow">major resistance</a>. A breakout above this level would be a massive bullish signal, potentially leading to further upside even after reaching the $3.313 target.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The lower part of the chart displays volume and volatility metrics. While current volume levels are relatively low compared to previous rallies, this could suggest an impending spike in interest and price movement once key levels are broken.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/xrp-ledgers-ecosystem-market-cap-hits-record-low-is-this-a-worrying-sign-for-ripples-ecosystem/" target="_blank" rel="noopener noreferrer nofollow">XRP Ledger’s Ecosystem Market Cap Hits Record Low – Is This A Worrying Sign for Ripple’s Ecosystem?</a></strong></em></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/is-xrp-price-ready-for-a-500-rally-traders-chart-analysis-sparks-debate/" rel="noopener noreferrer nofollow">Is XRP Price Ready For a 500% Rally? Trader’s Chart Analysis Sparks Debate</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

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

Table of Contents

CaptainAltcoin

Other articles published on Sep 12, 2024

New Memecoin Pepe Rektember (PEPEREKT) Rallies 600% and Will Surge 16,000% Before Exchange Listing

Tune.FM Investment: Web3 Music Streaming Platform Tune.FM Secures $50 Million Investment from Glo...

Investors Withdraw Millions from U.S. Crypto ETFs

Donald Trump’s Cryptocurrency Project Launch Date Has Been Set – Former President Makes Official ...

Bitcoin whale transactions see ‘noticeable’ drop since March price peak

Samsung Next Invests in Startale Labs, Partner in Sony’s Soneium Blockchain Development

Join our free newsletter for daily crypto updates!