(Dinarian note: The below analysis/prediction makes perfect sense WITHOUT a false flag event. However, an extreme event such as a massive disruption of the electrical grid or similar event, could change this prediction drastically. He is correct in that HODLING a longer term bag is your best BET, with XRP In My Opinion. As always, Do Your Own Research...)
XRP might have faced opposition in its latest rally, but an analyst foresees a price pump to $18 if a particular historical pattern continues to play out.
XRP has dropped 22% from the high of $0.93. However, John, a technical analyst, recently made a bold price projection. According to the analyst, if a specific pattern continues to unfold, XRP could experience an ultimate pump to $18.
John’s analysis references a historical pattern riddled with a series of price dips and pumps on the XRP daily chart.
Following the price spike to $0.9380 on July 13, XRP has continued to shed off the gains picked up over the past two days. John’s analysis suggests that this dip would persist until XRP drops to $0.52. However, he noted that a surge to $4.30 would follow after this.
The analyst anticipates another dip from $4.30 to $1.60, which would usher in a pump to $7.40. According to him, a subsequent drop from $7.40 to $6 would ensue. However, John says this will precede a remarkable surge to $18. A rise to $18 would mark a 2,400% increase in XRP’s current value.
The analyst claims this pattern has been notably accurate thus far, but whether it will continue remains to be seen. The projected timeframe for these movements is late September. However, John emphasizes that the analysis is not presenting facts but comparing historical patterns.
Derrick, an XRP investor, expressed his interest in taking advantage of this forecast by earning passive income and subsequently increasing his holdings during the anticipated dip. He hopes to ride the price up past the previous all-time high.
However, John stated that he is not engaging in such trading strategies at this pivotal moment in the market. He emphasized that after years of waiting, he intends to hold his XRP until it reaches $18 without taking interim profits.
XRP Key Fib Levels
In a separate tweet, John shared key Fibonacci levels for XRP’s future trajectory, using the $1.96 swing high as a reference point.
These levels include $3.30 at the 1.618 Fibonacci extension, $5.50 at the 2.618 extension, $7.60 at the 3.618 extension, and $9.10 at the 4.236 extension. He advised investors to expect price reactions at these levels if XRP hits them.
Furthermore, he cautioned that he made these predictions conservatively, and even higher targets could be possible by considering the previous all-time high as the swing high.
Recall that, following the ruling by Judge Analisa Torres that XRP is not a security, the asset pumped to $0.9380 on July 13. However, XRP has declined to the current value of $0.7239. While XRP is down 8.71% in the past 24 hours, it is still 53% up over the last two days.
