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A crypto analyst shared the XRP price chartshowing a potential breakout above $10 if the dominant altcoin repeats the previous fractal. The commentator urges that XRP community monitoring this fractal closely, which highlights the need to monitor price movements in the coming weeks.
XRP Price Eyes $16 As Analyst Spots Bullish Fractal
XRP supporter on X (formerly Twitter), known as ‘LUDXRP,’ has released detailed chart analysis, which predicts that the price of XRP may rise to target price cost 16.15 $. The analyst mentioned the presence of a historical fractal on the XRP chart.
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I fractal patternshown by the blue circle on the chart, highlights a significant upward movement in the price of XRP. Following the movement of the chart, if XRP cannot replicate this fractal, it may initiate a important price rally cost 16.15 $.
Multiple green horizontal lines are also shown on the chart, highlighting different resistance and support areas that may trigger a reaction on the chart. XRP price. With XRP trading at $2.42, the horizontal trend lines above its current price are seen as resistance levels are important.
The analyst highlighted average price levels such as $2.8, $4.1, $7.6, and $12.7 as important resistance levels, which XRP must pass before reaching the ambitious goal of $16.15. Additionally, the chart points to $2 as a potential support level, warning that if the price falls below this mark, it could lead to may dip the price at $1.
With the possibility of breaking above $ 16, the supporter of XRP urged members of the public to monitor the fractal on the price chart closely. He stressed the importance of XRP maintaining an upward trend within the blue circle, which could trigger its expected price increases down to $16.
XRP To See “Face Melting” Rally This Christmas
A crypto analyst identified as ‘The Charting Guy’ on X has revealed optimism about XRP’s future price outlook. According to the analyst, XRP may experience a “face meltdown” meet new challenges at Christmas and in late January.
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The analyst said that if XRP continues to follow the previous bullish trends seen in 2017, the market will likely rally for another two weeks until Christmas. He revealed that this bullish prediction was primarily based on XRP’s fractal rather than relying on it Fibonacci levels.
Answering ua comment from a member of the crypto community, the Charting guy admitted that on December 30, XRP will have a series of strong green weeks, possibly driven by either the Christmas hype or the bullish feeling around RLUSD stablecoin.
The analyst also admitted that on January 20, i ordination day of Donald Trump as the President of the United States (US), could mark a high price for XRP, which the market will likely consider as a “selling news event.”
The featured image was created with Dall.E, a chart from Tradingview.com
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