XRP Price: Analyst Says Expect Biblical Move Before Historic Crash - Here Are The Targets

XRP might be gearing up for a bullish run of epic proportions, accompanied by a similar crash of epic proportions. Particularly, a new technical analysis suggests that the XRP price may be preparing for one of its most explosive moves yet, followed by what the analyst calls a historic crash. This analysis comes amidst a backdrop of XRP reclaiming $2.2 in the past 24 hours, with the next outlook on reclaiming $2.3.Echoes of 2017: Hidden Bullish Divergence ReappearsIn a detailed breakdown shared on the social media platform X, crypto analyst JD (@jaydee_757) drew parallels between the current setup of XRP’s price action and its 2017–2018 market cycle. Back then, XRP printed a hidden bullish divergence (HBD) on the Stochastic RSI indicator, which acted as a powerful signal for an eventual 20x surge. According to the analyst, XRP appears to be repeating the same structural formation, with a new hidden bullish divergence now confirmed once again on the two-week timeframe.As shown in the two-week candlestick timeframe chart below, XRP has already broken out from a multi-year symmetrical triangle dating back to its peak in 2018. This breakout, paired with the hidden bullish divergence, sets the stage for a biblical price move. JD projects an immediate upside continuation once the current smaller triangle consolidation pattern resolves to the upside. This parabolic upside continuation is likely to push XRP toward levels last seen during its all-time high. In this case, the analyst projected a price move above the double-digit threshold, with a target around $17.Post-Rally Warning: 90% Crash Projection FollowsHowever, JD’s analysis is not without caution. Just as the 2017 rally ended in a dramatic 94% crash from $3.4 to the $0.2 range, the analyst warned that the anticipated surge could lead to a similar fate. This trajectory is illustrated clearly in the chart above. After the anticipated euphoric move upward is complete, JD projects a sharp reversal toward a designated pink box area on the chart. This region, although not labeled with a specific price, lies well below current levels and may cause XRP to crash from double digits to below $1.Unfortunately, the majority of traders and investors could get rekt if they chase XRP near the peak. This follows similar behavior in 2018, where the parabolic rally was followed by an equally violent sell-off that trapped many traders at the top.As of now, XRP continues to coil within its consolidation triangle, and the breakout direction will likely determine the short-term fate of the cryptocurrency. XRP is currently trading at $2.28, up by 2.4% in the past 24 hours. A convincing break above the $3 mark would be necessary to invalidate the resistance of the current smaller triangle consolidation pattern and confirm the start of a parabolic move. Until then, there’s still a possibility that XRP will be rejected again at the triangle’s upper trendline.Weiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC