Historical Dejavu in XRP Coin: A New Rising Wave is at the Door, According to Crypto Analysts!

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Two widely followed crypto analysts XRP He stated that the coin repeated the price boom experienced five years ago. The potential reversal awaits a symmetrical triangle breakout that could begin soon.

Analyzes point to increasing bullishness, noting historical price patterns and momentum indicators, following a long period of consolidation plagued by sharp underperformance.

A market analyst predicted that XRP formed an almost identical multi-year triangle after its 2013 peak and subsequent bear trend. emphasized. This structure kept XRP in range before a violent 2017 upside resolution added four zeros to its price.

XRP has lagged behind the current bull market. But now a new symmetrical triangle is closing the upside. However, a key difference in this cycle involves the time taken to technically carve the bullish formation.

Is XRP Ready for Another Rally?

Koinfinans.com Interestingly, the 2017 euphoria was preceded by a major downside wick as frustrated owners gave up on delayed returns. Researchers are of the opinion that the situation will repeat and there will be a decline before launch, providing a buying opportunity.

Momentum signals such as the monthly MACD follow a similar pattern to the previous XRP breakout in late 2016, creating an instructive pattern. The fact that similarities are re-emerging in the current time period provides an important reference point for assessing the current situation and predicting potential future developments. These parallels point to the potential of examining the road map of the past to provide investors with important insights into possible future trends.

altcoin, has been plagued by legal conflicts and questions about its role in the future global financial infrastructure. That’s why it has massively underperformed tokens like Bitcoin since September. The current triangle top may herald dynamics similar to those in 2017, when lagged returns eventually reversed furiously.


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