XRP Prints First Green Candle in 9 Weeks, Analyst Sees Potential $21.5 Breakout

• XRP forms first green candle in 9 weeks, signaling potential start of Phase 4 rally.
• Analyst sees $21.5 target using Fibonacci extension from past market cycles.
• Momentum indicators may confirm bullish breakout, echoing patterns from XRP’s 2017 surge.

A technical analyst says XRP may be approaching a major rally after a bullish candlestick pattern appeared on its chart. The signal could mark the start of what the analyst describes as “Phase 4” of XRP’s market cycle. The projection points to a potential price target near $21.5 if the pattern unfolds.

First Major Green Candle in Nine Weeks

Market analyst CW recently shared a long-term price chart highlighting a bullish candlestick formation on XRP. The post features XRP candlesticks on the three-week timeframe. It shows XRP forming the first green candle after three consecutive phases of red candles.

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