When will XRP price see its next leg up? This following analyst gives an idea.
A crypto analyst known as Emma (@emmacalls7) posted an interesting observation about Ripple (XRP) price chart. According to them, XRP seems to be repeating a familiar setup that triggered its previous breakout.
They pointed out a rounded bottom formation followed by a bounce from the $2.08 zone. This same pattern, they says, was responsible for the strong rally last time. If the pattern holds again, she believes XRP could be on track for another big move, with $2.35 as the first key level to watch.
Ripple Price Pattern Could Be Repeating
This setup is something many traders recognize. When a coin forms a rounded bottom and then bounces off support with strength, it often leads to a breakout. In XRP’s case, the strong support seems to be around $2. If XRP holds this level and bounces again like it did before, it could trigger a rally that takes the price to $2.35 and even higher. Some are also watching the $2.65 area, which acted as a local high during the last spike.
The analyst chart suggests that any dip toward $2 should not be seen as weakness but as a potential buying opportunity. These kinds of pullbacks are often necessary before a rally can really take off. However, it’s also important to stay realistic.
Howeverm it is important to npote that price patterns do not always repeat exactly the same way. Even if the structure looks similar, the market can behave differently depending on broader conditions.
Read Also: Here’s the XRP Price If Bitcoin Fails to Break $150K in 2025
In fact, there’s a chance that this time around, the price might fall even further before the pattern completes. That’s the risk that comes with trying to predict exact movements. The chart might set up in a similar way, but other things like news, sentiment, or overall market strength could affect the outcome.
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