Ripple XRP Set to Begin Parabolic Surge to 28%, Per Analyst
According to one analyst, Ripple’s XRP cryptocurrency is set to begin a parabolic surge upward of 28% over the next cycle. XRP is forming a convincing pattern on the price chart, which suggests a bullish pattern is on the way. According to technical analyst Ali Martinez, XRP has been forming a cup-and-handle chart structure on its four-hour chart since February 1. For context, the cup and handle pattern is a popular bullish continuation pattern in which the price of a crypto asset moves upward in a rounded cup and corrects downwards as it creates a handle. This formation is a bullish signal that marks the potential for a parabolic breakout. Crypto Analyst Suggests XRP Surge to $3.35 is Coming “If $XRP is following a cup and handle pattern, a breakout could set the stage for a move toward $3.35!” Martinez wrote on X. One catalyst that could fuel this breakout is recent XRP whale movements. The latest data shows that whales have purchased a whopping 60 billion tokens th...