The XRP price is preparing for a significant pump, like a new Cup and mango The pattern has just been formed in his graph. A cryptographic analyst who identified the employer has published an analysis, predicting that XRP could increase to $ 3.35, marking a new local maximum for cryptocurrency.
Cup and handling pattern to activate a price increase
The cup and mango pattern is a well -known continuous bullish continuous pattern in which the price of a cryptocurrency moves up in a rounded cup and corrects down as it forms a handle. This pattern is considered a Alcista signal That marks the potential of a break.
Currently, XRP is training A different price chart pattern. Ali Martínez, an outstanding cryptographic analyst, shared a brief analysis of this newly formed technical pattern, projecting an increase in the new maximums for the price.
The rounded bottom of the cup in the pattern indicates a accumulation period during which the sale pressure decreases and buyers obtain control. After XRP prices arises To the new maximums earlier this year, the cryptocurrency experienced a Great backward That exceeded its value below $ 3, forming the consolidations of descending slope observed in the pattern’s handle.
Martínez points out that if the currency can leave the resistance of the mango, where volatility exists more, the next potential objective would be $ 3.35. Currently, the XRP price It is quoted at $ 2.6, and Martínez has marked his Critical Resistance Level between $ 2.7 and $ 2.8. These resistance levels are aligned with the higher trend line of the mango pattern, which, once broken, would prepare the stage for a strong rally.
In particular, an increase of $ 3.35 would represent an increase of 28.8% in its price from its current market value of $ 2.6. When writing, cryptocurrency has increased by 9.6% in the last seven days after experiencing a decrease of more than 14% in the last month.
XRP enters phase 4 for market domination
Despite the current Volatility and price decreaseA cryptographic analyst, identified as ‘The XRP type’, believes that the price of Token is approaching to dominate the market. The analyst revealed that cryptocurrency is currently in phase 4 of its rise to domain, with this stage characterizing the potential end of the Legal battle between Ripple and the United States SEC.
The analyst showed that XRP had already completed the previous phases. The first phase was the launch of the Rlusd Stablecoin; The second was Donald Trump’s inauguration As the president of the United States and the third was Gary Gensler’s resignation as former president of the SEC.
The next three stages will become significant catalysts for the price of the asset. The encryption expert also mentioned the beginning of the highly anticipated Altcoin season, The Potential Association of Ripple with Big Banksand the possible approval and launch of a ETF XRP. The analyst suggests that these events will do it incredibly optimistic and recommend that investors have their coins and refrain from selling.
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