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<p>Crypto analyst XForceGlobal has shared a detailed technical analysis of Ripple’s XRP, suggesting the potential for new highs. The analyst’s prediction, however, comes with caveats. XForceGlobal’s analysis focuses on a massive triangle pattern that has been forming for over seven years. This long-term accumulation phase could signal a major price movement on the horizon.</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><br>Primary Macro Analysis<a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a>'s <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> is still working within a potential MASSIVE triangle and hasn't been invalidated yet. We might as well assume that this triangle is the mode of correction because of how long this has accumulated for (7+ years now). The longer the… <a href="https://t.co/9Ede30Rov0" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9Ede30Rov0</a></p>— XForceGlobal (@XForceGlobal) <a href="https://twitter.com/XForceGlobal/status/1811102938447892914?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 10, 2024</a>
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<h2 class="wp-block-heading" id="strong-xrp-price-analysis-strong"><strong>XRP Price Analysis</strong></h2>
<p>XForceGlobal’s analysis centers on a large triangle pattern that has been developing in XRP’s price chart. The analyst notes, <em>“Ripple’s <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 still working within a potential MASSIVE triangle and hasn’t been invalidated yet.”</em> This pattern’s longevity adds weight to its potential significance in predicting future price movements.</p>
<p>The analyst emphasizes the importance of the pattern’s duration. “<em>We might as well assume that this triangle is the mode of correction because of how long this has accumulated for (7+ years now),”</em> XForceGlobal states. The extended timeframe strengthens the reliability of wave theory analysis in this context.</p>
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<h2 class="wp-block-heading" id="strong-new-xrp-all-time-highs-on-the-horizon-strong"><strong>New XRP All-Time Highs on the Horizon?</strong></h2>
<p>XForceGlobal suggests that if XRP maintains its position above a certain level, new all-time highs could be achievable. The analyst explains, <em>“The invalidation is right around the corner, and if it’s able to stay above the subwave C, it’s all fair and game to new ATH’s.”</em> This scenario presents an optimistic outlook for XRP holders.</p>
<p>However, the analyst also presents alternative scenarios. One possibility involves a series of 1-2 wave patterns, which XForceGlobal now considers less likely due to their tendency to fail. Additionally, if certain support levels break, the analyst warns of a potential price drop to less than one cent.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-siacoin-sc-crypto-price-pumping-bulls-eye-another-double-digit-spike-to-this-next-level/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Siacoin (SC) Crypto Price Pumping? Bulls Eye Another Double-Digit Spike to This Next Level</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-medium-timeframe-analysis-strong"><strong>Medium Timeframe Analysis</strong></h2>
<p>Zooming in on shorter timeframes, XForceGlobal notes increased complexity in wave counting. The analyst observes, “<em>The last piece of the leg does look like it’s coming to a conclusion as a 5-wave move going into the potential C wave.”</em> This pattern could align with either the larger triangle or the alternative 1-2 wave scenarios.</p>
<p>Despite the potential for new all-time highs, XForceGlobal’s analysis highlights the uncertainty in the crypto market. The multiple scenarios presented highlight the need for cautious interpretation of technical patterns.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-predicts-ripples-xrp-price-will-hit-new-ath-in-all-fairness-but-theres-a-catch/" rel="noopener noreferrer nofollow">Analyst Predicts Ripple’s XRP Price Will Hit New ATH ‘In All Fairness’ – But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Predicts Ripple’s XRP Price Will Hit New ATH ‘In All Fairness’ – But There’s a Catch

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Ďalšie články zverejnené 11. 7. 2024

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