XRP, Repeating Past Silver Market Rally...Expert "Open to $149"

▲ Silver, XRP/ChatGPT generated image

XRP has perfectly replicated the massive wedge pattern of the past silver market, signaling a historic surge.

According to The Crypto Basic, a cryptocurrency specialized media outlet, on April 20 (local time), the XRP price is following the volatility path of the silver market. Famous analyst EGRAG CRYPTO diagnosed this. XRP is currently tracking the massive wedge pattern observed in the silver market. The price consolidation phase, which has lasted for several years, has reached its end. This indicates that a strong breakout is imminent. This movement is very similar to what was seen just before the silver market's explosive growth in the past.

If the upper resistance line of the wedge pattern is broken, the target price is extraordinary. EGRAG CRYPTO predicted that XRP could soar to $6.4 in the short term. This is an increase of several hundred percent or more compared to the current price. For the long term, the past increase in the silver market was applied. It is expected to reach from $27 to a maximum of $149. The silver market in the past went through decades of stagnation. After that, it generated enormous wealth through a massive wedge breakout.

The market evaluates this analysis as symbolic. XRP has been tied up in institutional uncertainty for a long time. It was strongly undervalued compared to other virtual assets. However, recent technical indicators are sending bullish signals. The Relative Strength Index has already broken out of the oversold zone. It is drawing a gradual upward curve. The Moving Average Convergence Divergence (MACD) index also suggests a positive trend reversal. Signals confirmed in higher time frames have high reliability.

The movement of large capital also enhances the credibility of the chart. Institutional investors value XRP highly. They are quietly accumulating it. XRP Ledger-based projects are also becoming active. The practical usability of the network is also expanding. The price formation process of real assets like silver is being replicated in the digital market. XRP is solidifying its position as a store of value. The combination of technical patterns and fundamental value has formed a strong momentum.

Investors are focusing on the final breakout point of the wedge pattern. There is great anticipation that the history of the silver market could be rewritten. Market liquidity inflow is also accelerating. Price volatility is expected to increase further ahead of a major inflection point. If this technical breakout succeeds, XRP will seize market leadership. Participants worldwide are watching whether the target price predicted by the chart will be achieved.

*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.*