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XRP began Maja with an uncertain price Between the lower and upper ends, respectively 2.195 to USD 2.25 in the last three days. Although XRP spent the majority of the last two months, using the top price of 3.3 USD in January, its 2-month candlestick shows a forceful green body, a sign that the bulls are still controlled in a higher time frame despite the fluctuations in the lower time frames.
Interestingly, a precise signal that has not appeared since the Historical Rally XRP 2017, and the same trigger that led to an explosion of the price of 20x has just returned.
The technical pattern shows a clear structure of a breakthrough at a 2-month time
The technical analysis of the XRP price campaign on a 2-month candlestick time chart shows that cryptocurrency still trades in stubborn configuration at a greater time. This analysis, Analyst made available by Crypto JD on social media platform X shows that XRP breaks out of the long -term triangle pattern, which kept its price in consolidation from the 2018 summit.
The structure created by this triangle It covers flat resistance Trend line at the top and a gradually growing trend line at the bottom. The price of XRP at the end of 2024 exceeded the limit of a higher resistance line, as in a similar configuration in the first few months of 2017.
In particular, the price of XRP exceeded this trend with conviction, which allowed him to achieve a long -term level of USD 3.3. However, the resulting price campaign was corrections after corrections, with XRP now close to a price level 2 USD.
Despite this, the appearance of stubborn crosses on RSI means The party configuration is still in actionwith the Crypto JD analyst emphasizing the potential height of 20x.
Stochasty RSI Cross over 80: The same spark from 2017
The appearance of the cross on the stochastic RSI above level 80 makes the current stubborn configuration more convincing. JD pointed out that the last time this crossover took place in 2017, just before XRP recorded a 20 -fold enhance in three months.
His chart illustrates this visually, showing the yellow attraction at the SRSI intersection point during this historic breakthrough. The same cross has now been confirmed on a 2-month chart.
The SRSI cross occurs when the %K line goes above or below the %D line in the stochastic RSI indicator. In the case of XRP, the stubborn signal of the cross is examined above threshold 80 on a 2-month chart. Last time it took place in 2017, XRP left at a rally within four months from around 0.15 USD until it reached the current highest level of USD 3.40.
If a similar scenario was to develop, it would have found a goal of about USD 45. This may seem unreal, Considering the influence He had to reach this level. Nevertheless, so from the last SRSI cross can send the price of XRP to the modern highest all time.
At the time of writing, XRP trades $ 2.2.
A distinguished picture from Unsplash, TradingView chart
