The technical analysis of the Ali (Ali_charts) analyst indicates that XRP can be about to raise the main price, and may reach $ 15. The prediction stems from a detailed XRP movement for several years, specifically focusing on a similar triangle style that recently showed a great outbreak.
XRP/USD chart reveals the development of years in making. Since 2018, the XRP price procedures have been included in A. Configurate triangle compositionIt is characterized by two approximate trend lines. The analysis of light on the last penetration of this style, which usually indicates a strong directional step.
Driving xrp price goals
according to Ali analysisThe collapse of this long -term XRP style can push towards several major price levels. The first main resistance is located at $ 2.75, which represents the highest level that traders will closely see. After this level, Ali sets many goals of extending Fibonacci that can play its role: $ 6.89, $ 12.21, and eventually $ 16.73.
The size of the similar triangle erupted indicates a potential increase of about $ 15, as noted. This projection is not just speculation; It depends on the methods of traditional technical analysis that measure the high triangle style. The severe and strong penetration adds credibility to this bullish scenario.
Also read: Ripple (XRP) will rise to $ 100, says a popular encryption analyst – here why
Possible challenges and considerations
While Ali’s analysis indicates the outcome of a rise, traders should remain familiar with possible obstacles. The price may need to re -test the hack area between $ 0.75 and $ 1.40 before continuing higher.
This is the regular market behavior that often provides a confirmation of the validity of the penetration. In addition, keeping the momentum over the upper direction line will be it is very important to play the upscale scenario.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
