Expectation of a 1,300% Breakout for XRP Price
According to a crypto analyst named JD, the XRP price is expected to experience a significant breakout. JD, who has been a strong supporter of XRP, predicts that the digital asset’s price will reach $8. This prediction is based on a triangle formation that has reappeared and historical performance. The last time a similar trend line breakout occurred, XRP saw a massive surge in price from $0.005 to $3 before correcting downwards. Now, with the same trend line breakout happening on a larger scale, JD believes that the XRP price could rally by 1,300%.
JD’s chart shows an 8-year trend line, and if the breakout happens, he expects the XRP price to skyrocket. The analyst sets the initial target for the XRP price at $8 and advises his followers to focus on the chart rather than narratives or news.
Long-Term Buying Opportunity
In another post, JD further solidifies his bullish outlook for the XRP price. After expecting a correction that played out as predicted, he now believes that the digital asset will confirm a multi-month trend line breakout on October 31.
JD’s buy level for XRP was around $0.49, and as long as the price remains above $0.54, the chances of a false breakout become smaller. When asked about the expected target for this analysis, JD mentioned that a “measured move” would be around $0.60. However, he also noted that if the XRP/BTC chart starts heading higher, the altcoin could break even higher.
Hot Take: XRP Price Set to Soar with Bullish Prediction
Another crypto analyst, JD, has made a bold prediction for the XRP price. Based on historical performance and a triangle formation, JD expects a breakout that could lead to a 1,300% rally, pushing the XRP price to $8. The analyst advises followers to focus on the chart rather than narratives or news during this bull cycle. This prediction aligns with JD’s long-term buying opportunity perspective and belief in a multi-month trend line breakout. With XRP currently trading above $0.54, the chances of a false breakout are decreasing. While JD initially targeted $0.60 as a measured move, he suggests that if the XRP/BTC chart starts moving higher, the altcoin could surpass this level.
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