Global Macro Investor CEO Raoul PalCompleting the long -term consolidation cycles of the XRP, claiming that it was moving towards a new breakdown. In the graph that he shared from his personal X account, Altcoin said that money constitutes wedges and descending triangles, and these structures result in a break in the upward direction. According to Pal, the current appearance is similar to the two -over cycles, which increases the likelihood of a new paraboolic movement.
Long -term graphic similarities in XRP
Graphic similarities that Pal attracts attention XRPreveal the consolidation phases of the past puts on. Looking at the graph, it is seen that Altcoin made strong rise after long -term congestion periods. Especially in 2021, the harsh rise from $ 0.20 to $ 2 is the most remarkable example of these cycles. Pal stressed that the technical structure seen today points to a similar trend.
According to the market observer, these similarities are not a coincidence. XRP’s Repeating Past Graphic FormationThe movement of the investors strengthens the expectation of a new jump. In particular, the historically upward breaking of the falling wedge formations emphasizes the technical appearance of the XRP further. Pal’s prediction increased the excitement in the XRP community.
3 dollars resistance is important
Despite the positive expectations, the XRP has not yet been able to exceed $ 3. Traded at $ 2.91 at the time of the news altcoindue to the weakness in the market weakness under pressure. The large -scale sales pressure prevents XRP from gaining acceleration despite powerful technical signals.
Analysts point out that the level of $ 3 is a psychological threshold. Exceeding this resistance can re -pave the ground for a parabolic movement, as in the historical cycles of XRP. However, the short -term general appearance of the market will be decisive. If the market is recovered, Altcoin is likely to develop a permanent movement above $ 3.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
