The recent analysis on XRP presents intriguing upward potential with a projected long-term target of $64 by 2032. The setup, based on the formation of a bullish pennant, highlights a robust continuation pattern. This structure combines a consolidation phase (triangle) and a preceding upward surge (pole), which, when measured, suggests significant bullish potential. The monthly chart, utilized for this projection, will be updated periodically to track development.
The Relative Strength Index (RSI) is nearing its previous all-time high (ATH) zone, indicative of strong upward momentum. Historically, such RSI behavior aligns with substantial rallies, reinforcing the probability of XRP exceeding its former ATH of $3.28. The current trajectory suggests XRP is poised for an extended bullish cycle, supported by technical confluence.
Additionally, it is worth revisiting a critical observation from July 23, 2023, when XRP traded near $0.47. At that time, it was advised not to sell XRP at such low levels, as technical analysis strongly indicated long-term growth potential. The analysis from that period further validates the current bullish outlook, emphasizing the importance of strategic patience. Those who heeded this advice are now enjoying the remarkable progress in XRP's price action.
Further updates will refine these projections in response to market developments.
The Relative Strength Index (RSI) is nearing its previous all-time high (ATH) zone, indicative of strong upward momentum. Historically, such RSI behavior aligns with substantial rallies, reinforcing the probability of XRP exceeding its former ATH of $3.28. The current trajectory suggests XRP is poised for an extended bullish cycle, supported by technical confluence.
Additionally, it is worth revisiting a critical observation from July 23, 2023, when XRP traded near $0.47. At that time, it was advised not to sell XRP at such low levels, as technical analysis strongly indicated long-term growth potential. The analysis from that period further validates the current bullish outlook, emphasizing the importance of strategic patience. Those who heeded this advice are now enjoying the remarkable progress in XRP's price action.
Further updates will refine these projections in response to market developments.
Note
Note
Some people interpret charts without deeper analysis, assuming that posting a target means the price will reach it immediately. It's important to recognize that every major price movement is typically preceded by a specific pattern. The pattern I’ve identified is on the Monthly timeframe, which makes it highly significant and could potentially influence the market through 2032 or beyond.
Let’s take the time to thoroughly analyze charts and consider the author's explanation before forming conclusions.
Thank you all for your comments and likes! I’ll update this post soon with mid-term perspectives on XRP.
Note
As we all know market moves in waves, and we should also not forget the usual crypto cycles. This is my current wave counts on XRP, I may be wrong anyways let discuss. Wave 3 in progressTrade active
XRP will move when btc settles.Note
XRP is ready to make a test on previous ATH. Note
The current ATH we are waiting for is here. Still expecting a test towards it before mini correction begin.Note
The ultimate support level is a critical support area that must be protected.Note
Potential uptrend channel projectionNote
Do not miss to buy every major dip on XRP, this will give great joy soon.Note
Everything looking perfectly great fpr XRP. only time will tell when this will explode.Note
Going so well as preplanned. Note
Xrp continues it's accumulation.Note
XRP accumulation is breaking out and this should take xrp to next level as projected on the chart.Note
XRP faced a strong rejection after testing the $3.4 high, pulling back to the previous primary demand zone around $1.8. A bullish continuation could emerge from this level, making it a key zone to watch closely.Note
XRPUSD has been trading within a broad ascending channel, with price action showing multiple trendline interactions. The recent breakout attempt from the consolidation range failed to sustain momentum, leading to a retest of the lower boundary. The key support zone around $2.00 remains pivotal, with a potential bullish rebound targeting the upper trendline around $4.32. However, failure to hold this support could trigger deeper retracement, aligning with the broader market structure.Note
Price achieve a re-test on the previous breakout zone
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.