Ripple (XRP) Eyes Multi-Year Highs if This Fourth Accumulation Pattern Holds True – Analyst

Ripple (XRP) could be on the cusp of major upside targets between $4 and $470 if it follows through on bullish chart patterns that analyst CryptoBull details. After three previous extended consolidations erupted, a fourth in its late stage now may do the same.

CryptoBull notes XRP has formed a series of symmetrical triangle accumulation patterns that lasted multiple years before giving way to parabolic advances. In each case, Ripple broke out and climbed 200% to as much as 75,000% at the triangle apex.

XRP currently trades near the end of its fourth triangle after ranging tightly between $0.30 and $0.80 for the past year and a half. If the past proves a prelude, CryptoBull anticipates comparable upside fireworks ahead.

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Of course, chart-based projections only hold weight if key levels convincingly fail. But CryptoBull believes XRP’s readiness for takeoff is nearing its season if diagonal resistance gives way. Its multi-year coiling may soon unleash commensurate kinetic energy around the triangle’s long-awaited apex.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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