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XRP price It is again in the spotlight where the new technical analysis indicates that the encrypted currency may be about to A major price explosion To 5.9 dollars and beyond. According to the analyst behind this expectation, the behavior of the last price of XRP is not a sign of weakness, but the strategic monotheism period that builds momentum for the next main height.
The standardization phase of the XRP price explosion
Master Ananda, an analyst at TRADINGVIEW, Absolute XRP detailed analysis on May 15. The analysis highlights the current procedure of the cryptocurrency and expects it The next upward move. Starting with his historical prices, the analysis sheds light on a strong gathering that occurred in 2024, especially around November and December, when XRP printed the long green candles that indicate a strong momentum.
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After reaching the top, XRP entered the standardization stageAnd during which the price formed a style similar to a triangle or a similar wedge. This is characterized by red intermittent lines on the chart, which indicates the frequency in the market The price has been suppressed.
Mr. Ananda revealed that after this Triangle formationXRP erupted on April 7, 2025 – a date that was now marked as a possible turning point in the encrypted currency market cycle. Since then, the weekly candles have been closed in green, indicating renewal Gallery momentum.
In addition to Master Ananda The xrp XRP issue It is the re -imitation of Fibonacci and the extension levels derived from the previous major swing to the last depression. These levels help determine the potential resistance and the targeted areas of the upcoming men.
It is worth noting that the levels of decline have been marked at about $ 2.05 (0.236 FIB), $ 2.39 (0.382 FIB), and $ 2.71 (0.618 FIB), and reached its peak at the highest previous level of $ 3.40. Possible targets for the Fibonacci extension project at $ 4.50 (1.618 FIB), and the highest level is $ 6.29 (2.618 FIB).
Currently, the path of the curved green arrow in the scheme shows a more likely target of about $ 5.9. However, XRP still has to overcome the above -mentioned retreat levels at $ 4.5 to reach this level. Fast food for this analysis is that XRP is Print strong rising signalsAnd its current unification is seen as an introduction to further growth.
Asset methods are made or a break area
XRP enters a decisive stage, such as Egrag Crypto Expected The outbreak of an imminent from a The scope of tight monotheismWhich has been traded for months ago. The analyst’s scheme shows a purple area described as a “Pandora Fund”. This region represents a basic price scale that acts as resistance and support, and effectively besieged.
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Egrag Crypto emphasizes that the penetration is higher or below this packed domain can ignite high fluctuations and great momentum of XRP. It framed it as a pivotal outfit where large movements are expected, and perhaps explosive movements.
Distinctive image from Getty Images, Chart from TradingView.com
