XRP’s Yearly Candle 13 Could Be “Ignition Point” for Massive Rally
- XRP’s yearly “Candle 13” signals potential breakout to $17-$22, says analyst EGRAG CRYPTO.
- This follows a Bullish Engulfing pattern, hinting at a repeat of past 800% XRP gains.
- But, STEPH IS CRYPTO warns of a $564B liquidation wall for XRP near the $2.00 support.
XRP’s long-term chart is raising eyebrows across the crypto community, as analysts closely study its 12-month candle structure. Known for both explosive rallies and lengthy consolidation phases, XRP is hitting what some experts are calling a critical “make-or-break” point.
EGRAG CRYPTO, an analyst, identifies the current yearly candle Candle 13 as a potential breakout that could lead XRP to new heights. This development comes amid heavy market speculation and technical formations that hint at a sharp move. Significantly, XRP is trading around $2.28, down slightly in the past week, but still well above major support levels.
XRP “Candle 13” Breakout Could Mirror 800% Gain
According to EGRAG CRYPTO, the 12th yearly candle set the stage for a bullish surge. This candle formed a textbook Bullish Engulfing pattern that started building momentum as far back as Candle 5.
From Candle 5 to Can…
The post XRP’s Yearly Candle 13 Could Be “Ignition Point” for Massive Rally appeared first on Coin Edition.
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XRP’s Yearly Candle 13 Could Be “Ignition Point” for Massive Rally
- XRP’s yearly “Candle 13” signals potential breakout to $17-$22, says analyst EGRAG CRYPTO.
- This follows a Bullish Engulfing pattern, hinting at a repeat of past 800% XRP gains.
- But, STEPH IS CRYPTO warns of a $564B liquidation wall for XRP near the $2.00 support.
XRP’s long-term chart is raising eyebrows across the crypto community, as analysts closely study its 12-month candle structure. Known for both explosive rallies and lengthy consolidation phases, XRP is hitting what some experts are calling a critical “make-or-break” point.
EGRAG CRYPTO, an analyst, identifies the current yearly candle Candle 13 as a potential breakout that could lead XRP to new heights. This development comes amid heavy market speculation and technical formations that hint at a sharp move. Significantly, XRP is trading around $2.28, down slightly in the past week, but still well above major support levels.
XRP “Candle 13” Breakout Could Mirror 800% Gain
According to EGRAG CRYPTO, the 12th yearly candle set the stage for a bullish surge. This candle formed a textbook Bullish Engulfing pattern that started building momentum as far back as Candle 5.
From Candle 5 to Can…
The post XRP’s Yearly Candle 13 Could Be “Ignition Point” for Massive Rally appeared first on Coin Edition.
Read More