The Rupert technical analyst, the host of the Podcast Allincrypto, highlighted an important bullish configuration that could send the cryptocurrency in a long rally. According to its latest shared analysis on social networks, the XRP table is forming a structure that points to an eventual target price of $ 19.27, with the movement backed by its breakup of 2024 and its breakup of 2024 Current positioning below Its previous one of all time.
Breakout of long -term triangle formation
XRP has Mainly it has been operating $ 2.80 during the past week, which varies between $ 2.77 and $ 3.02. However, cryptocurrency has managed to break up The $ 3 barrier in the most recent 24 -hour period with a gain of approximately 3.9%.
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From a broader perspective, The latest XRP price action It is part of a much larger story that has been developed since the late 2024. Leaving the shortest terms for the highest deadlines shows that cryptocurrency is currently being consolidated just below its old maximum of 2018 of all time.
Particularly, technical analysis of a longer term in the two -week candle table, which was Posted by Rupert in XIt shows that XRP is now consolidating after leaving a several -year triangle formation that dates back to the late 2024.
He pointed out that almost two years ago, his team had already predicted a break of this training, and since then, XRP has delivered more than 400% profits from that initial forecast. However, XRP is now back to the area of its 2018 historical maximum after reaching $ 3.65 in July, and this level now acts as resistance.
In his video, Rupert pointed out that it is common for assets to stop or become slightly on the test of such important levels. Therefore, the way XRP is consolidating is less a sign of weakness and more a configuration for the continuation. In addition, he noticed that the table is assaulting a Cup and management formation, which is another bullish pattern that contributes to Possibility of another strong rally.
On the way to $ 19.27 still on the way
Looking at the general scenario, Rupert said the Triangle projection still points to an objective of $ 19.27. The price not only confirms that, in regards to the address, the way XRP is quoted in the smallest time frames and how it interacts with a key level of importance in its previous one of all time that is, in fact, that it has reached more upwards.
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In addition, he indicated that confirming signals of The total market capitalization of Altcoin (total 3) reinforces the upward scenario. This is important, since the total capitalization of the Altcoin market registered its highest monthly closure in August. While XRP Bulls maintains its price Above $ 2.8 to $ 3, then it is still on the way to reach the target price of $ 19.27 projected.
At the time of writing, XRP is quoted at $ 3.02, 3.9% in the last 24 hours.
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