XRP HASN'T HAD ITS BULL CYCLE SINCE 2017 - CryptoManiac101
XRP / USD TA
1. Price Levels and Movements:
- The current price is around $0.51995.
- There is a notable high point at around $4.50000, which will be our first major target.
- The chart displays moving averages with different colors:
- Green (around $0.58892)
- Blue (around $0.56800)
- Red (around $0.55173)
2. Technical Patterns:
- A large symmetrical triangle pattern formed by yellow trendlines.
- A highlighted blue rectangle indicating a key area of price consolidation or interest.
3. Historical Context:
- The chart covers XRP’s price history from around 2013 to 2025.
- Significant historical price spikes, particularly in 2017 and 2018, are visible, which is what we are looking at for 2024 and 2025 years as we see some movement consistency between the two cycles.
4. Future Projections:
- The symmetrical triangle pattern suggests a potential breakout. The breakout direction is not explicitly stated but is implied by the structure of the triangle. Historically such patterns have a high likelihood of breakouts when they reach 75% completion. Currently we are at around 88%-93% completion.
Overall, this chart is a technical analysis of XRP’s price, highlighting historical patterns, key levels, and a potential breakout scenario based on the symmetrical triangle pattern. The chart also incorporates moving averages and custom market indicators to provide additional context and insight into price movements.
1. Price Levels and Movements:
- The current price is around $0.51995.
- There is a notable high point at around $4.50000, which will be our first major target.
- The chart displays moving averages with different colors:
- Green (around $0.58892)
- Blue (around $0.56800)
- Red (around $0.55173)
2. Technical Patterns:
- A large symmetrical triangle pattern formed by yellow trendlines.
- A highlighted blue rectangle indicating a key area of price consolidation or interest.
3. Historical Context:
- The chart covers XRP’s price history from around 2013 to 2025.
- Significant historical price spikes, particularly in 2017 and 2018, are visible, which is what we are looking at for 2024 and 2025 years as we see some movement consistency between the two cycles.
4. Future Projections:
- The symmetrical triangle pattern suggests a potential breakout. The breakout direction is not explicitly stated but is implied by the structure of the triangle. Historically such patterns have a high likelihood of breakouts when they reach 75% completion. Currently we are at around 88%-93% completion.
Overall, this chart is a technical analysis of XRP’s price, highlighting historical patterns, key levels, and a potential breakout scenario based on the symmetrical triangle pattern. The chart also incorporates moving averages and custom market indicators to provide additional context and insight into price movements.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.