Cryptocurrency analyst shared XRP price chartpointing to a potential breakout above $10 if the dominant altcoin is able to recreate the fractal of the past. The analyst insists that XRP community to monitor this fractal closely, emphasizing the need to monitor price movements in the coming weeks.

XRP price is at $16 as analyst notices a bullish fractal

An XRP supporter on X (formerly Twitter), known as “LUDXRP”, did just that released detailed chart analysis predicting that the price of XRP may raise to ambitious price target from $16.15. The analyst mentioned the presence of a historical fractal on the XRP chart.

The fractal patternmarked with a blue circle on the chart, highlights the significant upward movement in the price of XRP. Following the chart movements, if XRP is able to reproduce this fractal, it could result in: significant price raise towards $16.15.

The chart also shows many green horizontal lines that highlight various resistance and support zones that could trigger a reaction in the market XRP price. With XRP trading at $2.42, horizontal trend lines above the current price are seen as key resistance levels.

The analyst highlighted intermediate price levels such as $2.8, $4.1, $7.6, and $12.7 as key resistance levels that XRP needs to break before reaching the ambitious target of $16.15. Additionally, the chart shows $2 as a potential support level, warning that if the price falls below this level, it could lead to possible price drop up to $1.

Given the possibility of a break above $16, the XRP supporter urged community members to closely monitor the fractal on the price chart. He stressed the importance of XRP maintaining its uptrend in the blue circle, which could trigger his expected price raise towards $16.

XRP will see a ‘Face Melting’ rally this Christmas

Crypto analyst identified as “Chart Guy” on X expressed optimism about the future price prospects of XRP. XRP May Experience ‘Face Melting’, Analyst Says reach fresh highs before Christmas and at the end of January.

The analyst said that if XRP continues to follow the upward trends seen in 2017, the market will likely consolidate over the next two weeks leading up to Christmas. He revealed that this bullish forecast was mainly based on XRP fractals, not on them Fibonacci levels.

In response to A comment from a member of the cryptocurrency community, the chart guy agreed that XRP will experience a series of mighty green weeks by December 30, potentially fueled by either holiday hype or bullish sentiment around RLUSD coin.

The analyst also agreed that on January 20, 2013 inaugural day Donald Trump as president of the United States (US) could set an all-time high for XRP, which the market would likely consider a “news event.”

Featured image created with Dall.E, chart from Tradingview.com