menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Analyst Pr...
source image

Coindoo

4w

read

292

img
dot

Image Credit: Coindoo

Analyst Predicts $15 XRP Price by July 24, Signals ‘XRP Summer’

  • An analyst predicts that XRP could reach $15 by July 24, referring to it as 'XRP Summer.'
  • The prediction is based on historical fractals and Fibonacci levels, suggesting a potential explosive growth period.
  • XRP's current pattern mirrors its 2017 consolidation phase before a significant breakout.
  • The analyst highlights completion of a five-wave corrective structure, indicating a potential repeat of the previous breakout.
  • XRP could target Fibonacci extensions up to $15, with the key level at the 1.618 Fibonacci extension zone.
  • The technical structure shows XRP breaking above long-term resistance after a multi-year base, supported by volume buildup.
  • The structural symmetry and historical timing suggest XRP might be on the verge of its largest price expansion in years.
  • XRP was trading at around $2.22 at the time of analysis, with a 570% rally needed for the $15 target within just over a month.
  • While the prediction is ambitious, the analyst maintains that XRP is structurally prepared for a significant upside potential.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app