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The graphics technician “Charing Guy” told his audience that the current structure of four hours of XRP suggests a measure measured towards a cycle peak cycle about $ 8, but nothing higher. Showing a four -hour box of BitstamS superimposed with multisigma deviation bands, he wrote that XRP is “about this standard deviation and we probably move forward quickly to the next in the $ 3 area, then one around $ 4.20 and the last one in the upper part around $ 8 … coincidentally my main objective this cycle.”
There are no two digits for XRP this cycle
The analyst’s tone turned caustic when addressing hopeful forecasts for double or triple digits prices. “For all the people who say $ 8 is not high enough,” he said, “please throw the brain to the dryer after all these Monday influence on Monday.” He argued that a movement of Last Cycle capitulation under about $ 0.28 to $ 8 already implies an advance of 2,757%. “Imagine not having at least any benefit hahaha,” he added, warning that the fixation of atypical objectives had caught retail investors in each previous top.
Guy’s graph admitted that the valuations beyond three digits are theoretically possible “if they completely achieve their goal”, referring to the long -term ambitions of Ripple in the cross -border settlement and the CBDC plumbing, however, he insisted that this scenario is “absurd” for the current market phase. “It is likely that all that will take a few decades to develop,” he wrote. “Influencer Moonboys who do not know anything have been saying these things for 10 years and look at the graph. It is $ 2.23 at this time.”
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Its broader technical reading remains constructive. In a large number of follow-up He stressed that XRP is “with Tenkan and Kijun per month perfectly”, “fighting between Kijun and Tenkan in the weekly cloud of Ichimoku”, and has “maintained the weekly EMA tape perfectly,” as well as the weekly Superrend. These confluences keep the structure intact in the medium term, it implies, even if the short -term volatility remains. Within the daily period, he warned that XRP “broke the channel, could test again”, a movement that, for its table, could drag the price briefly below $ 1.90 before the early climb resumes.
To draw Guy, the disciplined approach is to respect those levels instead of pursuing great numbers. “That lack of understanding will make these people lose the tapas of the bull cycle and reduce it -50 to -90 percent each cycle when they can exchange a large part of their bag each cycle and give up their 9-5 before,” he said. “I simply do my best to be realistic and help people based on real data on the lists, not a fairy tale that a youtuber told me.”
Related reading: XRP will print a new maximum of all time if this happens: analyst
While its $ 8 roof can disappoint the most fervent XRP believers, the objective, if beaten, would continue to mark the highest price in the history of the file and a return almost thirty and thirty. For now, merchants who look at the four -hour deviation bands will first seek confirmation of an impulse through $ 3, then $ 4.20, since the analyst road to eight dollars begins to develop.
At the time of publication, XRP quoted at $ 2.33.
Outstanding image created with Dall.E, Record of TrainingView.com
