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XRP can be preparing for a stubborn run about epic proportions, in the company of a similar failure of epic proportions. In particular, the novel technical analysis suggests that the price of XRP may prepare for one of the most explosive movements, and then the analytics calls a historical disaster. This analysis appears among the XRP background recovery 2.2 USD in the last 24 hours, and subsequent perspectives of recovery 2.3 USD.
Echoes from 2017: A hidden stubborn discrepancy appears
IN Detailed failure available Social media platform X, Crypto Analyst JD (@Jaydeee_757) has developed similarities between the current configuration of the XRP price price and its market cycle 2017-2018. At that time, XRP printed a hidden ophthalmological discrepancy (HBD) on the stochastic RSI indicator, which acted as a powerful signal for the final 20 -time growth. According to the XRP analyst, it seems to repeat the same structural formation, with a novel hidden abrasive discrepancy confirmed again in a two -week time frame.
As shown on a two -week candlestick time chart below XRP already Struck from the long -term symmetrical triangle from the period from the summit in 2018. This breakthrough, combined with the hidden stubborn diversion, prepares a scene for the biblical price movement. JD designs an immediate additional continuation when the current one Smaller consolidation triangle He decides in a dependent position.
This parabolic continuation of growth will probably push XRP towards levels recently noticeable during its highest level. In this case, the analyst predicted the price movement above the two -digit threshold, with a target of around USD 17.
WARNING FOR RALE: 90% Emergency projection occurs
However, JD analysis It is not without caution. Like the 2017 rally, it ended with a dramatic 94% disaster from USD 3.4 to the range of 0.2 USD, the analyst warned that the expected growth can lead to a similar fate. This trajectory is clearly illustrated on the table above.
After completing the expected euphoric upward movement, JD designs a rapid reversal towards the designated pink box on the chart. This region, although not marked with a certain price, is far below the current levels and may cause XRP failure from double digits to below 1 USD.
Unfortunately, most traders and investors could stop again if they race XRP near the summit. This is due to similar behavior in 2018, in which after the parabolic rally there was an equally violent sale, which imprisoned many traders at the top.
For now, XRP is still coil in the consolidation triangleand the groundbreaking direction will probably determine Tiny -term fate cryptocurrencies. XRP is currently trading $ 2.28, which is an boost of 2.4% in the last 24 hours. A convincing break above mark $ 3 would be necessary to annul the resistance of the current consolidation pattern of a smaller triangle and confirmation of the start of the parabolic movement. Until then, it is possible that XRP will be rejected again on the upper line of the triangle trend.
A distinguished picture from Getty Images, chart from TradingView.com
