Analyst Says XRP Could Hit $46 Soon If It Repeats This Pattern

Crypto analyst XRP Captain (@UniverseTwenty) recently highlighted a significant Fibonacci extension on XRP’s historical chart. According to the post, XRP reached a 2.168 Fibonacci extension during the 2017 bull run.

The chart attached to the tweet shows that if XRP repeats this extension, the price could reach double-digit prices. This projection stems directly from historical price patterns and the consistent application of Fibonacci levels to past market cycles.

The chart shows that XRP has previously tested key extensions and retracement levels before making major upward moves. Repeating the 2017 extension would create one of the largest potential gains in XRP’s history.

Current Price Position

At present, XRP trades near $1.44. On the monthly chart, key Fibonacci levels are visible. These include 0.618 at $0.95, 0.786 at $1.32, and the 1.0 level at $2. Recent price action saw XRP climb to a multi-month high before pulling back slightly.

However, the monthly chart indicates strong support near the 0.618 and 0.786 levels. This positions XRP for potential upward acceleration if historical patterns repeat.

XRP Captain’s chart also shows the 1.272 Fibonacci extension at $3.39 and the 1.618 level at $6.63. Each of these levels marks a potential checkpoint for buyers before XRP reaches the maximum 2.168 extension at $46.

Technical Drivers for Growth

The analysis relies on the repetition of historical patterns, and these have often played out in the cryptocurrency market. XRP’s price history demonstrates periods of consolidation followed by rapid upward movements. The Fibonacci levels act as reference points, signaling where price could encounter resistance or acceleration.

The attached chart shows that XRP has repeatedly respected these levels in previous cycles, indicating potential for similar behavior in the future. XRP Captain emphasized this potential with his post, drawing strong positive reactions from the XRP army.

Outlook for Investors

According to the monthly chart, XRP is consolidating between the 1.272 and 0.786 Fibonacci extension levels. Volatility is currently lower than it was during prior highs. This trend could set the stage for a strong upward move once buying pressure increases.

If the extension patterns hold, the $46 level represents a substantial upside. The repeated historical behavior, combined with current monthly support levels, provides a technical basis for long-term investors to consider. The monthly Fibonacci levels offer clear guidance for both entry points and potential milestones in its price progression.

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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