Captain

<p>An analysis by Captain Faibik suggests that <a href="https://captainaltcoin.com/xrp-targets-key-price-level-amid-bullish-momentum-can-it-break-resistance/" target="_blank" rel="noopener noreferrer nofollow">XRP may be about to have</a> a substantial price breakout. The analyst shared a chart on X highlighting a key pattern that has developed over several years.&nbsp;</p>
<p>Besides, this pattern could indicate a strong move if XRP breaks above key resistance levels. Captain Faibik’s weekly chart shows a symmetrical triangle formed by two converging trendlines. The top trendline serves as resistance, while the lower trendline provides support.&nbsp;</p>
<p>Symmetrical triangles have historically been associated with big breakouts, either to the upside or the downside. According to the chart, <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> is trading around the triangle’s upper resistance, indicating that a breakthrough is likely.</p>
<p>Faibik’s prediction indicates a potential 299% rise that would push XRP’s price closer to $2.40. <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP trades just below $0.60</a>, with a confirmed breakout potentially signaling the commencement of a bullish rise.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> is on the cusp of Massive Triangle Upside Breakout..!!<br><br>Massive Pump is on the way..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/231b.png" alt="⌛" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://twitter.com/hashtag/XRPUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPUSDT</a> <a href="https://t.co/tTRj06HNSC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tTRj06HNSC</a></p>— Captain Faibik <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1835547839146918225?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 16, 2024</a>
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<h2 class="wp-block-heading" id="strong-analyst-predicts-major-price-movement-strong"><strong>Analyst Predicts Major Price Movement</strong></h2>
<p>In his tweet, Captain Faibik emphasized that a “Massive Pump” could occur if XRP breaks through the upper resistance line. His confidence in the breakout is based on the long-term formation of the triangle, which often leads to significant price movements.</p>
<p>While the tweet did not mention trading volume, it is worth noting that a breakout of this magnitude usually requires a surge in volume to confirm the upward movement.&nbsp;</p>
<p>Historical resistance near the apex of the triangle could play a role in either accelerating or stalling the breakout, depending on market sentiment.</p>
<h2 class="wp-block-heading" id="strong-xrp-price-target-and-risk-considerations-strong"><strong>XRP Price Target and Risk Considerations</strong></h2>
<p>Captain Faibik’s price target for XRP after the breakout is $2.40. This target is derived from the measured move calculation, which suggests a nearly 299% rise from current levels.&nbsp;</p>
<p>However, it’s essential to consider the downside risks. Should XRP fail to break the resistance, it could see a retest of the support line, making that area critical for traders to watch. The analyst’s chart offers a clear upside potential but also implies caution for those who are not yet convinced of the breakout’s likelihood.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/binance-announces-listings-of-3-meme-coins-neiro-turbo-and-babydoge/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Binance Announces Listings of 3 Meme Coins – $NEIRO, $TURBO, and $BABYDOGE</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-long-term-implications-for-xrp-investors-strong"><strong>Long-Term Implications for XRP Investors</strong></h2>
<p>If Captain Faibik’s prediction comes true, XRP could see a surge in bullish sentiment, particularly among long-term holders. The token has faced several hurdles in recent years, but a confirmed breakout could renew investor interest.</p>
<p>One of the important patterns in technical analysis is the symmetrical triangle pattern, and in the days ahead, XRP’s place inside this triangle will be a major area of focus. The next action taken by XRP could determine its future course, whether it breaks out or keeps consolidating.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/xrp-massive-price-pump-is-on-the-way-says-analyst/" rel="noopener noreferrer nofollow">XRP Massive Price Pump ‘Is On The Way’ Says Analyst</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Massive Price Pump ‘Is On The Way’ Says Analyst

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