XRP, a 'bullish' signal that has appeared only 4 times... "Up to $31 is open"

▲ XRP/ChatGPT generated image

XRP has caught a rare bullish signal that has appeared only four times in its 13-year history, signaling the beginning of an unprecedented surge rally.

According to The Crypto Basic, a cryptocurrency specialized media outlet, on April 28 (local time), a bullish reversal signal has reappeared on the XRP chart. This signal has only occurred three times in the past 13 years: in 2014, 2017, and 2021. Each time the signal appeared, the price surged to record highs. As a result, expectations are growing that a similar explosive rally will be replicated this time.

Cryptocurrency analyst EGRAG CRYPTO noted this signal. The SuperTrend indicator on the monthly chart has turned from red to green. This is strong evidence that accumulation by major players has ended. The long-term downtrend has virtually concluded. The dominant analysis suggests that only a vertical ascent remains.

According to the analysis, the primary target price is $15. If the upward momentum strengthens, it could ultimately rise to $31. Combining this with Elliott Wave theory, the long-term upward trend is even clearer. The Relative Strength Index and Moving Average Convergence Divergence also both indicate bullishness. Favorable indicators on higher time frames increase the reliability of the uptrend.

Ripple recently concluded its legal dispute with the Securities and Exchange Commission (SEC), securing regulatory clarity. As the institutional environment becomes more favorable, institutional investors are also showing interest. Coupled with the Bitcoin (BTC) bull market, market liquidity is flowing into XRP. Large whales have already accumulated significant volumes at low price levels.

Investors are closely watching this fourth opportunity in 13 years. Historical data suggests that this rally has the potential to break previous records. With regulatory stability and technical superiority combined, a price explosion is only a matter of time. The market is ready to welcome the dawn of a new bull market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*