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A cryptocurrency analyst shared an XRP price chart, hinting that the prominent altcoin could surpass $10 if it can replicate past fractals. The analyst urges the XRP community to keep a close eye on this fractal, stressing the need to monitor price movements in the coming weeks.
Analyst finds bullish fractal, XRP price eyes $16
An XRP supporter on X (formerly Twitter) known as “LUDXRP” published a detailed chart analysis and predicted that the XRP price could rise to an ambitious target price of $16.15. Analysts noted the presence of historical fractals on the XRP chart.
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Source:X
The fractal pattern shown by the blue circles on the chart highlights the significant rise in the XRP price. Following the chart movement, if XRP is able to reproduce this fractal, it could trigger a significant price rally towards $16.15.
The chart also shows multiple green horizontal lines, highlighting different resistance and support zones that can cause a reaction in the XRP price. XRP is trading at $2.42 and a horizontal trendline above the current price is considered a key resistance level.
Analysts have highlighted intermediate price levels such as $2.8, $4.1, $7.6, and $12.7 as key resistance levels that XRP must overcome before reaching its ambitious target of $16.15. did. Additionally, the chart identifies $2 as a potential support level and warns that if the price falls below this mark, the price could fall to $1.
XRP supporters urged community members to closely monitor the fractal on the price chart as a possible breakout above $16 is possible. He emphasized the importance of XRP maintaining its upward trend within the blue circle, which could push his price prediction towards $16.
XRP will see a “face-melting” rise this Christmas
A crypto analyst identified as X's “Chart Guy” expressed optimism about the future price outlook for XRP. The analyst said XRP could experience a “face-melting” rally to new highs by Christmas and in late January.
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The analyst said if XRP continues the historical bullish trend seen in 2017, the market will likely consolidate for another two weeks before Christmas. He revealed that this bullish prediction does not depend on Fibonacci levels, but is primarily based on XRP's fractals.
In response to comments from members of the cryptocurrency community, charters said that by December 30th, XRP will be subject to a series of changes potentially caused by either Christmas hype or bullish sentiment surrounding the RLUSD stablecoin. Agreed we would experience a strong green week.
The analyst also said that Donald Trump's inauguration as US president on January 20th could be the highest point for XRP, and the market is likely to view it as a “selling news event.” I also agreed with that view.
Price stagnates at $2.3 | Source: XRPSDT on Tradingview.com
Featured image created by Dall.E, chart on Tradingview.com
