$XRP
🚨XRP Mirrors Bitcoin’s Old Moves🚨
When Bitcoin refused to drop below $70,000 despite bearish indicators late last year, few expected the sudden surge to $100,000. XRP is now showing similar resilience. Despite bearish signals on technical indicators, XRP continues to trade sideways rather than retreat.
This type of price behavior, where an asset holds firm despite pressure to drop, is often seen as a bullish signal. It suggests that sellers are running out of steam and that a new rally could follow.
Crypto analyst Egrag Crypto says XRP’s price action has formed a symmetrical triangle pattern on the monthly chart. Such patterns typically resolve before 95% of their duration completes, and in XRP’s case, the consolidation has lasted 334 days.
“XRP breakout is coming,” Egrag said on X, predicting that the move could happen as early as July or by mid-September. He bases the timeline on pattern duration, with 75% and 95% targets aligning with those months.
Another analyst, DustyBC Crypto, echoed the sentiment. “XRP under $2 is incredibly cheap,” he posted, urging followers to revisit his prediction by December. He expects XRP to trade significantly higher within six months.