XRP Showing Same Setup As Mastercard and Visa. Here’s Next Likely Action
$XRP Crypto analyst Steph Is Crypto (@Steph_iscrypto) recently shared a chart comparing XRP’s current price action to the historical stock movements of Mastercard and Visa.
The analysis highlights that both payment giants followed a pattern that XRP is now showing. This comparison provides insight into potential growth trajectories for XRP from its current price of $1.95.
👉Mastercard and Visa Patterns
Mastercard’s stock moved from approximately $12 to $527.57. This represents a gain of roughly 4,296%. Visa rose from around $12 to $325.28, representing 2,611% increase. Both companies displayed a three-phase progression in price growth, marked by periods of consolidation followed by strong upward moves.
XRP is currently in a setup that mirrors the early stages of these phases. This analysis suggests that the asset has the potential for significant gains if the pattern holds.
👉Applying Historical Gains to XRP
Using Mastercard’s 4,296% percentage increase, XRP’s current price of $1.95 could theoretically reach approximately $85.72. Similarly, applying Visa’s 2,611% gain gives a potential target of $52.86. These targets put XRP in a larger position compared to its current valuation, assuming the historical pattern repeats in the crypto market.
👉Phase Progression Analysis
The chart shows XRP moving through three distinct phases, similar to Mastercard and Visa. Phase 1 is the initial accumulation and early breakout. The asset began forming this with its brief resurgence in early January. Following Phase 1, XRP will experience a rapid surge. This move will push it to Phase 2, where another brief consolidation will occur.
Phase 3 represents the final stop before more accelerated gains. XRP is currently transitioning from Phase 1 to Phase 2, which aligns with the historical trajectory of the two stocks. If the asset follows a comparable progression, it could experience rapid growth in the upcoming months.
