Analysts predicting 600% XRP price rally in 2024 say the next leg will be “parabolic”

Trusted editorial Content, reviewed by leading industry experts and experienced editors. Advertising disclosure

Previously predicted a large number of 600% crypto analysts XRP price surges in 2024 Again, we have attracted attention through new technical analysis of cryptocurrencies. This time, market experts say XRP is ready for the next parabolic chain to rise.

XRP price setting signal indicates violence rise

Marketing expert Crypto Michael’s latest XRP price analysis instruct Top altcoins have just ended for a long time merge And it can be pre-explosively moved upward. In his X post, analysts share a support chart, capturing XRP price action From 2017 to 2026, according to long-term quarterly candlestick landscape.

Over the years, XRP has formed Large symmetric triangle Through the integration of trend lines, the stage of price compression and market hesitation is illustrated. The chart pattern extends from its peak in 2018 to mid-2024, and ultimately reaches a decisive breakthrough in 2025.

With Crypto Michael now considers XRP’s extended merge completetechnical indicators show the transformation in the previous stacking stage Next thigh. The analysis also emphasizes that such consolidation is necessary to accumulate purchasing pressure and position XRP to make it trend downward.

Looking ahead, XRP price chart shows analysts expect Breakthrough of symmetrical triangles soon. Once the cryptocurrency crosses the upper boundary of the triangle, the continuous movement can serve as a strong bullish signal.

Although analysts have not yet clearly outlined the exact goal of its optimistic projection, the trajectory of his chart emphasizes that the XRP price is currently at $2.22, which will rise.

Analysts set their next XRP ATH target to $80

In other news, crypto analyst CW owns Falled Another incredibly bold prediction of XRP price. Market experts present an engaging multi-cycle chart showing that XRP is in the final stage of long-term integration A lot of breakthroughs.

According to the chart analysis of CW, XRP has been in the six-month accumulation period, similar to the pattern in the previous market. this Stable accumulation stage It seems that a fusion triangle is being formed, historically a pioneer in the main upward movement.

Now, at the forefront of the groundbreaking storm, especially after testing the previous ATH region, analysts suggest that XRP ultimately stabilize, interpreting this calm as a steady accumulation of energy for the next surge. If the historical pattern holds, a surge beyond ATH prices may inspire vertical gatherings.

The chart identifies the first target Previous ATH level Above $3.8, followed by the second target of about $21.50. The final goal of the phase 5 of the analysis indicated that the parabola surged by more than $80.

Featured images from Pexels, charts for TradingView

Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.