based on materials from the site - By CoinsProbe
The cryptocurrency market today marked an important milestone in its history: Bitcoin (BTC) soared to a new all-time high of $118,000. Ethereum (ETH) followed suit, showing a solid growth of 8%, surpassing the $3,000 mark. This bullish momentum supports major altcoins, including XRP, which has risen by 6% in the last 24 hours.
But aside from the price movement, the emergence of a classic harmonic structure on the XRP chart is drawing attention and indicating that this movement may just be beginning.
If we take a close look at the daily XRP chart, we can see a clearly defined harmonic pattern ABCD. The movement started in April from point A around $1.61, followed by a sharp rise that brought XRP to point B in early May. This was followed by a healthy correction to point C around $1.91 by the end of June—a typical movement that corresponds to the harmonic sequence.
Since then, XRP has been steadily increasing and is currently trading around $2.58. This section from point C to D is developing according to the harmonic roadmap, indicating that the final target may be approaching but has not yet been reached.
What awaits XRP next?
If this harmonic model completes as expected, the next key level will be the Potential Reversal Zone (PRZ) around $2.93. This is the Fibonacci expansion 1.272 from point B, representing a potential increase of 13% from current levels.
However, we may see some price correction before the expansion fully plays out, as the market is already fully pumped, and profit-taking is possible.
