Symmetric

Clash

Momentum

<p>The post <a href="https://coinpedia.org/news/xrp-poised-for-a-breakout-analysts-warn-most-investors-could-miss-the-surge/">XRP on the Verge of a Mega-Surge? Analysts See 2017 Echo in Charts</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent analysis, renowned crypto market analysts JD and The Crypto Sniper have presented intriguing charts that hint at a significant rally for <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a>, Ripple’s associated cryptocurrency, drawing parallels to its notable surge in 2017.</p> 
<p>Can history repeat itself for Ripple’s associated cryptocurrency? Let’s explore the insights shared by these experts.</p> 
<h2 class="wp-block-heading" id="h-a-journey-through-xrp-s-history">A Journey Through XRP’s History</h2> 
<p>JD, a seasoned crypto analyst, meticulously examined XRP’s historical price movements and identified a compelling pattern. His observation reveals a symmetrical triangle shape in XRP’s chart from late 2013 to early 2017, akin to the precursor to the significant surge witnessed in 2017.</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"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> – monthly close is Wednesday! Currently looking at the Symmetrical Triangle &amp; MACD<br><br>Last time we were w/in a Symmetric Triangle, MACD crosses above 0 which cause the breakout w/PARABOLIC MOVE!<br><br>All I know is 2024 will be the year!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>RT/Like for monthly update next week!… <a href="https://t.co/ckMVnpg1kD">pic.twitter.com/ckMVnpg1kD</a></p>— JD 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f5-1f1ed.png" alt="🇵🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@jaydee_757) <a href="https://twitter.com/jaydee_757/status/1751468373756858664?ref_src=twsrc%5Etfw">January 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>During this interesting period, XRP encountered resistance after a dip from its peak in December 2013, resulting in the formation of a symmetrical triangle. </p> 
<p>Despite a drop in January 2017, <a href="https://coinpedia.org/news/xrp-price-prediction-analyst-expects-a-drop-and-a-quick-rise/">XRP experienced</a> a remarkable surge shortly after the capitulation event. The breakout from the symmetrical triangle propelled XRP to soar by an astounding 66,100%, surging from a low of $0.005 in February 2017 to a peak of $3.31 in January 2018</p> 
<p>Now, JD sees a similar pattern, suggesting that XRP might be gearing up for another substantial price increase, despite recent underperformance compared to <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a>.</p> 
<p>Read More: <a href="https://coinpedia.org/news/xrp-price-prediction-analyst-expects-a-drop-and-a-quick-rise/">XRP Price Prediction: Analyst Expects a Drop and a Quick Rise</a></p> 
<h2 class="wp-block-heading" id="h-macd-indicator-signals-uptrend">MACD Indicator Signals Uptrend</h2> 
<p>JD emphasizes the significance of the MACD indicator, highlighting its pivotal role in the 2017 breakout. The monthly MACD crossing above 0 during that period coincided with the surge. Now, JD predicts that a similar MACD cross could be the driving force behind the expected uptrend, adding an intriguing layer to the analysis.</p> 
<h2 class="wp-block-heading" id="h-controversial-claims">Controversial Claims</h2> 
<p>Adding a twist to the narrative, the Crypto Sniper claims authorship of the analysis, creating a bit of controversy. Regardless, the consensus in their views reinforces the notion that XRP might be gearing up for a substantial rally.</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">Is imitation is the highest form of flattery? <a href="https://twitter.com/hashtag/XRPUSDT?src=hash&amp;ref_src=twsrc%5Etfw">#XRPUSDT</a><br><br>With added watermark of their own, plus same question of a final flush out?<br><br>MACD is a useless lagging crutch BTW. <br><br>It only re-illustrates what the price volatility compression, near relative lows, already shows in the… <a href="https://t.co/nRn4DGT6Dx">https://t.co/nRn4DGT6Dx</a> <a href="https://t.co/aGiZGNQtme">pic.twitter.com/aGiZGNQtme</a></p>— TheCryptoSniper (@TheCryptoSniper) <a href="https://twitter.com/TheCryptoSniper/status/1751486968859382037?ref_src=twsrc%5Etfw">January 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Despite the positive projections, the current reality presents a slightly different picture. XRP is presently valued at <a href="https://markets.coinpedia.org/xrp/">$0.5307</a>, reflecting a modest 1.28% dip in the last 24 hours. It’s noteworthy that the cryptocurrency has experienced a 15% decline year-to-date, in contrast to Bitcoin’s marginal 0.68% downturn within the same period.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/news/is-this-the-right-time-to-buy-ripple-xrp/">Is This the Right Time To Buy Ripple (XRP)?</a></p> 
<p><strong>Is XRP really headed for a recovery? We will have to wait to find out.</strong></p>

XRP on the Verge of a Mega-Surge? Analysts See 2017 Echo in Charts

目次

CoinPedia News

2024年1月30日公開の他の記事

Why Solana Beats Ethereum In This Bull Cycle: Crypto Expert

Dormant Whale Wallet did its first transaction in the last 8 years, selling Bitcoin for this Token

Best Crypto to Buy Now January 30 – Altlayer, VeChain, Pyth Network

Fee War: Invesco and Galaxy Digital Slash Bitcoin ETF Fee by 35% to 0.25 BPS

Near (NEAR) Surges by 200% in Almost Every Single On-Chain Metric

Monthly NFT Sales on Bitcoin Fall 62% + More NFT News

ニュースレターを購読して暗号資産の最新情報を毎日入手！