XRP, 12x Surge Scenario Activated...What's the Last Puzzle to Reach the $17 Mark?

▲ XRP

XRP has entered a historical technical breakout zone, potentially realizing a price surge of over 12 times after a tedious seven-year sideways movement.

According to The Crypto Basic, a cryptocurrency specialized media outlet, on April 9 (local time), virtual asset analyst EGRAG CRYPTO recently provided a chart analysis suggesting XRP's next target price at around $17, signaling the arrival of an explosive bull market.

EGRAG CRYPTO diagnosed that XRP is on the verge of breaking through the upper resistance line of a massive symmetrical triangle convergence pattern that has been forming since 2017. The analyst calculated this potential surge using the Measured Move technique and analyzed that a return of over 12 times is possible when applying the price volatility seen in past bull cycles. Notably, in 2017, XRP recorded a historical surge of thousands of percent in a short period after breaking through key levels, astonishing the market.

Currently, XRP is consolidating upward energy, securing a strong support base around $1.30 and $1.40. EGRAG CRYPTO predicted that a full-fledged parabolic rally would begin the moment the $1.50 resistance level is decisively surpassed on a closing price basis. The explanation states that after reclaiming the $2 mark, a chart environment has been created where XRP could vertically surge to the $17 mark, passing through a liquidity void.

Even amidst Bitcoin's (BTC) volatile market, XRP is demonstrating its presence as a leading altcoin by generating independent bullish indicators. Securing regulatory clarity and the expansion of the Ripple ecosystem act as strong fundamentals, increasing the likelihood of technical analysis becoming a reality. If the energy accumulated over seven long years erupts all at once, the flow of funds in the virtual asset market is expected to fluctuate once again.

Market participants are preparing strategic responses by identifying large-scale whale movements and key resistance breakout points in real-time. As technical indicators collectively send strong buy signals, XRP's future trajectory is expected to reshape the profitability map of the entire virtual asset market.

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