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Pundit On Why Ripple’s XRP Is “Locked and Loaded” For A Mega Bullish Explosion To $25 Price ⋆ ZyCrypto
The post Pundit On Why Ripple’s XRP Is “Locked and Loaded” For A Mega Bullish Explosion To $25 Price ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     XRP opened the week on a positive note, trading at $0.51 with a modest 1.68% gain in the last 24 hours, according to CoinMarketCap data. Despite its continued sideways trading streak, the now seventh-largest cryptocurrency by market capitalization has shown resilience, maintaining a steady trading range above the $0.50 support level over the past week. Market data also reveals that XRP’s trading volume has surged significantly, with a 50.59% increase to $992 million in the past 24 hours, suggesting growing investor interest. Community sentiment remains overwhelmingly positive, with 84% of traders expressing bullish sentiments. Meanwhile, amid the price consolidation, analysts have shared diverse opinions, with many anticipating an upward trend for XRP in the near future. A popular analyst known as Amonyx recently boldly predicted that XRP could skyrocket to $25 in the next bull cycle. Addressing his substantial following on X (formerly Twitter), Amonyx declared, “WE ARE LOCKED AND LOADED,” alongside a technical chart illustrating a bullish parallel channel pattern. Notably, the analyst’s chart analysis reveals XRP trading within an ascending channel on the monthly timeframe, with the price having reached a key support zone of around $0.50. The technical pattern also displayed two notable consolidation phases, represented by what technical analysts call “compression zones” or sideways trading ranges. These zones typically precede significant price movements according to technical analysis theory. Advertisement   The lower support line of the channel has acted as a reliable foundation for price rebounds, while the upper resistance line has consistently capped upward movements. This type of price action often suggests accumulation phases, where assets build potential energy for larger moves. The pattern’s structure further shows a series of higher lows and higher highs within the parallel channel, traditionally interpreted as a bullish signal by technical analysts. Notably, if the projected target of…
The post Pundit On Why Ripple’s XRP Is “Locked and Loaded” For A Mega Bullish Explosion To $25 Price ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement XRP opened the week on a positive note, trading at $0.51 with a modest 1.68% gain in the last 24 hours, according to CoinMarketCap data. Despite its continued sideways trading streak, the now seventh-largest cryptocurrency by market capitalization has shown resilience, maintaining a steady trading range above the $0.50 support level over the past week. Market data also reveals that XRP’s trading volume has surged significantly, with a 50.59% increase to $992 million in the past 24 hours, suggesting growing investor interest. Community sentiment remains overwhelmingly positive, with 84% of traders expressing bullish sentiments. Meanwhile, amid the price consolidation, analysts have shared diverse opinions, with many anticipating an upward trend for XRP in the near future. A popular analyst known as Amonyx recently boldly predicted that XRP could skyrocket to $25 in the next bull cycle. Addressing his substantial following on X (formerly Twitter), Amonyx declared, “WE ARE LOCKED AND LOADED,” alongside a technical chart illustrating a bullish parallel channel pattern. Notably, the analyst’s chart analysis reveals XRP trading within an ascending channel on the monthly timeframe, with the price having reached a key support zone of around $0.50. The technical pattern also displayed two notable consolidation phases, represented by what technical analysts call “compression zones” or sideways trading ranges. These zones typically precede significant price movements according to technical analysis theory. Advertisement The lower support line of the channel has acted as a reliable foundation for price rebounds, while the upper resistance line has consistently capped upward movements. This type of price action often suggests accumulation phases, where assets build potential energy for larger moves. The pattern’s structure further shows a series of higher lows and higher highs within the parallel channel, traditionally interpreted as a bullish signal by technical analysts. Notably, if the projected target of…
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