XRP to the Moon?! 🚀

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With the XRP price now waltzing like a ballerina on a caffeine high, a crypto analyst, bless his entrepreneurial heart, has projected that this top altcoin is going for a joyride to a staggering $38. This analyst, apparently a visionary with a flair for the dramatic, reveals that the price action, coupled with technical indicators that dance like ballerinas themselves, support this, shall we say, optimistic outlook. 🤑

Our intrepid analyst, Gert van Lagen, a veritable oracle of the Twitterverse (formerly known as X, as if anyone forgot), has declared that the XRP price is about to explode like a firework on the fourth of July. While his forecast might seem as plausible as a unicorn riding a pogo stick, he insists it’s firmly rooted in the solid ground of technical indicators.

Lagen, a maestro of charts, shared a two-week technical analysis masterpiece, highlighting a Double Bottom and Ascending Triangle pattern – both, according to him, as bullish as a bull in a china shop.

XRP’s price, it seems, has been forming a Double Bottom, a pattern as elegant as a swan, dating back to 2014. This pattern, a classic bullish reversal signal, suggests a change in direction, from a downtrend to an uptrend. Back in the day, when the cryptocurrency broke above the neckline, it triggered a rally that was as impressive as a lion tamer’s performance, reaching $0.28 and $2.5.

Then, with the grace of a gazelle, XRP formed an Ascending Triangle, a bullish continuation pattern characterized by a flat upper trendline and a rising lower trendline. This, according to our analyst, suggests a potential breakout, or a continuation of the upward climb.

Lagen’s chart reveals that XRP recently broke above a crucial resistance level, confirming a bullish breakout. Considering the previous Double Bottom breakout led to an explosive price increase in 2017 and 2018, he expects a similar or even grander rally, with his ultimate target set at $38.

XRP’s previous rally, while less dramatic than a Shakespearean tragedy, exceeded its parabolic target by 2x. As a result, our analyst considers his $38 price projection to be as conservative as a miser counting his pennies. Despite this optimistic forecast, the altcoin continues to trade below all-time highs, steadily approaching its previous high around $3 as positive market sentiment fuels its upward journey.

XRP Community Sparks Bullish Frenzy On X

The XRP community has been in a frenzy lately after the official conclusion of Ripple’s five-year legal battle with the United States Securities and Exchange Commission (SEC). All over the X social media platform, mentions of XRP’s victory spread faster than wildfire, with many analysts projecting significant price increases in the coming weeks.

With positive sentiment running high and the once-crippling legal case now settled, the altcoin could reclaim its former glory with sharp price jumps and a growing market capitalization, much like before the SEC’s lawsuit. Notably, an X crypto analyst identified as ‘Random Crypto Pal’ has declared that with the conclusion of the Ripple and SEC lawsuit, XRP no longer has market cap

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2025-03-21 06:13