- XRP exhibits a multi-year symmetrical triangle formed by long-standing trendlines.
- JD’s analysis predicts XRP’s potential dip before a skyrocketing rally towards $24.
- Historical trendlines converge, pointing to a possible monumental ascent for XRP.
XRP, amidst its historical trendlines, has the crypto community buzzing, especially with JD’s recent analysis, suggesting an imminent price leap. As XRP navigates within three multi-year trendlines, experts detect the formation of a symmetrical triangle signaling potential price dynamics.
Originating in March 2017, the lower trendline has been XRP’s steadfast support for almost seven years, while the upper trendline, taking shape post XRP’s ATH of $3.3 in January 2018, has limited its upward strides. This convergence of the primary trendlines is now sculpting a significant symmetrical triangle in XRP’s journey.
Adding complexity, a third trendline emerged in April 2021, settling within this triangle. This trendline witnessed a breach during the $0.93 rally in July, though a subsequent corrective phase retracted XRP within the triangle’s confines.
JD’s insights outline a short-term XRP dip, possibly revisiting the 7-year lower trendline. However, the climax awaits post-correction, as JD foresees XRP bulldozing the 6-year upper trendline to potentially achieve a stellar $24 (+5,130%) price point.
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