Crypto Expert Declares Major Breakout Approaches for XRP as Altcoin Tests Critical Year-Long Trendline

Crypto expert declares major breakout approaches for XRP.
The popular altcoin tests critical year-long trendline.
A push forth will propel XRP prices to much higher targets.

The crypto market experiences a continuing fall in prices and analysts confirm that the industry is moving towards the thick of the bear market. Presently, the call is for BTC to fall until it sets its bottom price range in the $40,000 region. Meanwhile, expectations for altocins prices to surge is high, especially since altseason has not arrived yet. Crypto expert declares major breakout approaches for XRP as altcoin tests critical year-long trendline.

Crypto Expert Declares Major Breakout Approaches for XRP

From the many altcoins in the crypto market a handful assets are gaining more attention over the others. Already a few altcoins have been steadily pumping over the last few weeks, these include XLM, NEAR, FET, HYPE, ZEC, and more, and these assets are still surging steadily, with bullish parabolic pumps expected over the coming weeks and months. Ripple’s native asset XRP is also an asset preparing for a surge.

According to CoinMarketCap analytics, the price of XRP is currently trading at $1.19, showing that the asset dipped by 3.5% over the last 24 hours, meaning the $1.2 price range that was recovered is still being reclaimed. Experts believe the price of XRP will now work to reclaim the $1.3 price range, which if reclaimed, will lead to a rally to much higher prices, possibly even a new ATH.

As we can see from the post above, this expert highlights how XRP has been grinding lower for a full year and is now testing that major descending trendline while sitting right on top of the $1.05 – $1.10 support zone. The timing is closing in — likely looking at a major decision point near the 4th of July, coincidentally right around when the market is expecting the Clarity Act to be signed into action.

The post also goes on to shine a light on XRP possibly breaking through the 50 day EMA, which is a critical technical shift that often signals building momentum and can act as new dynamic support. Once XRP breaks and holds above this year-long trendline, the potential for strong positive price appreciation rises significantly. Failure of a breakout would mean a retest to the $0.8 price range, before the promised explosive rally.

The Altcoin Tests Critical Year-Long Trendline

The post concludes by saying that history has shown us many times before that these high stakes trendline tests often lead to explosive breakouts, especially with positive catalysts like institutional adoption, bank integrations, and regulatory clarity lining up. The final message on the post is a call to remain patient and stay disciplined as the massive bullish setup finally plays out.