Renowned cryptocurrency analyst, Sarah Jordan, has recently made waves with her prediction for XRP, hinting at an imminent groundbreaking shift for investors. She references uncommon technical indicators and a repeating pattern reminiscent of XRP’s significant surge back in 2017, indicating a potential “monumental rise” in the months ahead.
XRP Set For Monumental Surge
In a recent analysis shared on social media, Jordan detailed her bold forecast for XRP, emphasizing a “monumental move” developing on the long-term charts. Utilizing a multi-year consolidation shape and corroborated bullish indicators, she forecasts a potential substantial price surge in the coming months, although she cautions of a possible subsequent decline.
Through her two-week XRP chart, Jordan showcased a breakout from a prolonged symmetrical triangle pattern. This pattern is bolstered by a confirmed bullish crossover on both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators. She noted that this specific combination had previously resulted in significant price increases during XRP’s remarkable 2017 spike. The current chart structure hints at the possibility of another exciting rally ahead.
XRP’s RSI currently sits at a pivotal 71.93, recently overcoming a key resistance zone, while the MACD is displaying a bullish crossover beneath the baseline. Jordan dismisses any short-term pullbacks as mere distractions for less informed investors, affirming that these temporary dips do not jeopardize XRP’s bullish trajectory.
Moreover, while she remains optimistic for the short to mid-term, Jordan also signals a potential correction phase for XRP. When queried about the depth of a possible downturn, she indicated that she would provide that analysis once the market peak is identified, alluding to her previously accurate estimate of XRP’s drop to a low of $0.28. Despite not having precisely indicated when such a decline might occur, she anticipates it post a significant upward movement.
Analyst Predicts XRP Could Reach $15
Another respected analyst, Tom Lincoln, has weighed in on XRP’s present price actions, tying it to a larger bullish sentiment and speculating on an explosive upward move toward the $10-$15 zone. Lincoln has noted that XRP recently achieved a 92% gain over a month, climbing from $1.95 to over $3.6.
This remarkable movement has captured the attention of the wider cryptocurrency sector, signaling renewed bullish enthusiasm among altcoins. The rally, however, faced a short-lived pause following a 16% correction, leading XRP to its current price of $3.05. Yet, Lincoln views this dip as a normal and pivotal pullback within a generally bullish framework.
He posits that the recent retracement isn’t indicative of weakness but a necessary consolidation before the next upward surge. Once XRP stabilizes, Lincoln projects it could resume its climb, setting sights on the ambitious $10 to $15 price bracket.
