This Analyst Just Confirmed a Big XRP Price Pump Within 48 Hours
Momentum is building around XRP as a widely followed crypto analyst points to a bullish technical setup that could soon resolve.
A recent chart shared by Maxi (@Maxi_Dec2020) highlights a classic cup and handle formation on the 4-hour XRP chart, with its price hovering near a key resistance zone.
The structure suggests that a decisive move may arrive soon, with the analyst stating a big pump could happen within 48 hours. The chart shows XRP trading near $1.45, with steady upward pressure following a rounded bottom that developed through early April.
Price action has gradually recovered from lows near $1.28, forming the curved base that defines the “cup.” The recovery then transitions into a shorter consolidation phase, shaping the “handle” just below resistance.
Structure Builds Toward Resistance Break
The highlighted resistance zone sits around $1.45 to $1.5. XRP has tested this level multiple times during the handle formation. Each test tightens the range and adds pressure beneath resistance. The repeated attempts signal sustained buyer interest.
The handle portion remains relatively shallow. This often aligns with stronger continuation setups. XRP has not retraced deeply, which keeps bullish momentum intact.
The chart also shows higher lows during the handle, reinforcing upward pressure. The market has now moved from the wide, rounded bottom into a tighter consolidation phase. This transition often precedes expansion.
Measured Move Points to Higher Levels
The analyst’s chart includes a projected breakout path. A vertical move targets the $1.7 level. This aligns with the typical measurement for a cup and handle pattern, where the depth of the cup projects above the breakout point.
If XRP clears the $1.5 resistance, it could accelerate quickly toward this target. The chart illustrates a sharp upward move once resistance breaks, suggesting limited friction above that zone.
The timing element also stands out. Maxi specifically states the move could occur within “next 48 hours.” This places focus on the immediate price action near resistance. Traders often watch for increased volatility as price compresses near key levels.
Short-Term Setup Drives Market Focus
The current price structure keeps XRP in a tight range just below resistance. This positioning often leads to a decisive move once pressure resolves. The upward trend from mid-April remains intact, supported by consistent higher lows.
The broader pattern remains clear on the 4-hour timeframe. The rounded base reflects a sustained recovery phase. The handle shows controlled consolidation rather than weakness. Together, these elements form a textbook bullish continuation setup with $1.7 as the target.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post This Analyst Just Confirmed a Big XRP Price Pump Within 48 Hours appeared first on Times Tabloid.
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