Technical analyst Rupert, the host of The Allincrypto Podcast, highlighted the major bullish setup that can send cryptocurrency at long rally. According to his latest analysis shared on social media, the XRP chart forms a structure that points to its final price target of $19.27. Current positioning below That’s the best ever.
Breakouts from long term triangle formation
It’s on XRP I mainly exchange it It ranges from $2.77 to $3.02, and is $2.80 over the past week. However, cryptocurrency It broke above The latest 24-hour $3 barrier earns around 3.9%.
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From a broader perspective, Latest price action for XRP It’s part of a much larger story that has been unfolding since the second half of 2024. By leaving shorter time frames to higher time frames, it has been shown that cryptocurrencies are currently below the 2018 record high.
In particular, technical analysis of longer time frames on two-week candlestick charts; Rupert posted on xXRP shows that it is now integrated after breaking the multi-year triangle formation dating back to late 2024.
He noted nearly two years ago that his team had already predicted a breakout from this formation, and since then XRP has benefited more than 400% from its initial forecast. However, after reaching $3.65 in July, XRP returned to its 2018 record high zone. This level acts as resistance.
In his video, Rupert noted that it is common for assets to stall or boost slightly after testing such a critical level. So, the way XRP is integrated is not a sign of weaknesses, but a sign of setup for continuity. Furthermore, he pointed out that the charts are. Shape into Cup and handle formation. The possibility of another strong meeting.
The path to $19.27 is still on track
Looking at the larger image, Rupert pointed out that the projection of the triangle still points to the $19.27 target. Prices not only show how XRP is traded in smaller time frames, and how it interacts with the highest critical level of importance of previous history, but it actually shows that it will continue to be the opposite of what will come.
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Plus, he showed it Check the signal from The market capitalization of total altcoins (3 total) strengthens the bullish scenario. This is important. This is because Altcoin’s total market capitalization recorded its highest monthly end in August. Only in XRP Bulls maintain price Up from $2.8 to $3, reaching the projected price target of $19.27 is still on track.
At the time of writing, XRP has traded at $3.02, up 3.9% over the past 24 hours.
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