11:25 ▪
3
min read ▪ by
XRP’s apparent calm could well be hiding a major turning point. While its price is developing without clear dynamics, accumulation signals are multiplying and several technical data indicate a phase of strategic preparation. Analysts see the beginnings of a large-scale move here, with ambitious price targets and critical thresholds under close watch. In a market looking for a catalyst, Ripple’s asset returns to the center of the speculative game.
In short
- XRP is in a consolidation phase characterized by low volatility and a waiting market.
- Several analysts have found that progressive accumulation is likely to set up a big price move.
- Bullish projections mention ambitious targets that may reach $10 and above.
- A key long-term indicator could signal a turning point in the cycle.
Discrete Accumulation and Converging Bullish Projections
While XRP could be targeting $1.95, it was moving without a clear direction in a choppy market on Friday despite increasing buying pressure. During the week, the cryptocurrency fell almost 1%, illustrating a consolidation phase where traders are waiting for a clear directional signal.
Despite this slow pace, several analysts mention significant accumulation and suggest structured bull scenarios:
- XForceGlobal, an analyst followed for Elliott Wave interpretations, believes the market is preparing for a big move: “XRP: all coming together… Retesting all-time high, full range zone retracement, then $4, $5, $10 and more… next move?” ;
- The analyst anticipates forward targets between $6 and $10 in the short to medium term;
- Javon Marks highlights the longer-term technical structure after a major chart breakout: “XRP’s theoretical measured move target above $15 remains unchanged! A late 2024 breakout suggests a new x10 (over 900% gain) to these price levels.”.
- He maintains a target above $15 and mentions a theoretical profit of more than 900% from current levels.
Critical supports and long-term indicators under supervision
Other technicals highlight support zones that are likely to frame volatility. Ali Charts suggests a more cautious approach by identifying a potential lower bound: “XRP could find support along triangle hypotenuse, between $0.90 and $0.60”. This area would form a technical base capable of absorbing any short-term selling pressure.
Another focus is the 200-week exponential moving average, a historical indicator of major reversals. Analyst Chartnerd wonders what will be the outcome of the next test of this key level for Ripple’s crypto Ripple, which has already been key during previous cycles: will the current setup resemble a 2022 bearish signal or a 2024 opportunity? He clarifies that the expected market scenario would include a break above $2: if March goes as expected, with a rally above that level, this period could become a truly decisive moment for traders.
The upcoming moves will be crucial to validate the ongoing technical scenarios. In the market-seeking direction, the price of XRP is separating from Bitcoin and attracting new attention. These dynamics could redraw short-term balances.
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A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed myself to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations, and put into perspective the economic and social issues of this ongoing revolution.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Before making any investment decision, do your own research.
