XRP Primed for 50% Explosion If This Key Resistance Cracks—Analyst
XRP traders, buckle up—a technical breakout could send the token soaring. One analyst sees a moonshot brewing if a critical resistance line snaps.
Key Levels in Play
The chart’s flashing a make-or-break signal. A clean break above the current ceiling might just trigger a 50% surge—no magic, just pure chart mechanics.
Market Mood Check
While XRP’s been stuck in Wall Street’s penalty box, crypto’s favorite underdog keeps defying the skeptics. (Take that, SEC.) Now, the charts hint at a potential jailbreak rally.
Trader’s Reality Check
Of course, in crypto-land, ‘guaranteed’ pumps are as real as a banker’s remorse after missing Bitcoin at $100. But for once, the stars—and the moving averages—might actually align.
XRP Price Eyes 50% Rally With Break Above $2.20
In an X post, Jaydee predicted that the xrp price will record a 50% “moonshot” rally once it breaks above the $0.00002 resistance level on its Bitcoin pair. XRP has since broken above this resistance level, suggesting that this moonshot rally may be imminent, with the altcoin surging to as high as $3.35.
A rally to $3.35 will bring the XRP price close to its current all-time high (ATH) of $3.84 and also mark a new yearly high for the altcoin. In a subsequent analysis, Jaydee confirmed that XRP could rally to new ATHs with a successful break above this resistance level. On the other hand, he warned that the altcoin could crash to as low as $1.60 if it fails to hold this level on at least the 3-day timeframe.
Crypto analyst Guy also recently predicted that the XRP price could rally to a new ATH of $5.30. The analyst indicated that the $2.33 level is the key to kickstarting this uptrend for the altcoin. Once XRP breaks above, he predicts that it will rally to $2.55. A break above this $2.55 level WOULD then pave the way for another rally to the current ATH and the Fibonacci extension at $5.30.
Possible Scenarios Following Break Above $2.30
In an X post, crypto analyst CasiTrades outlined three potential scenarios that could unfold following the XRP price break above $2.30. The first scenario is the cleanest move, in which she predicts that XRP could run towards $2.45, then flips $2.30 into support on a backtest. CasiTrades remarked that this gives the altcoin a solid base for a move to $2.69 and beyond.
For the second scenario, the crypto analyst described this as a more aggressive move. In this case, she predicts that the XRP price could record a sharp breakout through $2.30 and head straight to $2.69. From there, she added that the altcoin could pull back to $2.45 as the mid-way support zone before continuing its uptrend.
The third scenario is the most bullish for the XRP price. CasiTrades predicts that the altcoin could break through $2.69, confirm this price level as support, and then clear the way towards $3 and above. This would then put the current ATH in sight for the altcoin.
At the time of writing, the XRP price is trading at around $2.32, up over 2% in the last 24 hours, according to data from CoinMarketCap.