After a wave of frustration and collective capitulation that dominated the charts recently, a strong bullish tone has returned to technical analysis, this time from top analysts in South Korea, where the narrative of astronomical numbers for Ripple ($XRP) is back in the spotlight!
๐ฏ First Stop: The $5 Journey ๐
According to the technical analysis published by seasoned Korean analyst Ninedex, Ripple is currently moving within interesting long-term price channels:
๐ Channel Breakout: The analyst sees that the momentum of XRP towards the upper limit of the current price channel could send its price straight to $5, a realistic first target once liquidity returns.
๐งฑ Critical Support Strength: The analyst confirmed that XRP is still maintaining crucial long-term strategic support levels, and its overall bullish structure remains intact despite recent market dips and corrections.
๐ธ Dream Station: How do we reach $20?
As for the legendary target at $20, Ninedex has set a strict technical and historical condition for its realization:
๐ Repeating the 2018 Miracle: This astronomical vertical rise will only happen if the price repeats the historical breakout pattern that occurred in late 2017 and early 2018, when the coin surprised the markets and soared thousands of percentages within weeks after years of boring sideways accumulation.
๐ก Strategic Summary:
This optimistic analysis coincides with 'weak hands' exiting the market due to fear, which is the preferred timing for whales and market makers to orchestrate sudden price explosions.
๐ฌ Interaction Question for the XRP Army: After the historical support held strong, do you see the $5 levels as just a matter of time? Do you think Ripple has the potential to mechanically repeat the 2018 frenzy and hit $20 this cycle? Share your investment goals with us! ๐ Pioneers don't abandon their positions ๐ก๏ธ