Analyst Says History Repeats Itself, Here’s How – TradingView News

A crypto analyst has published a technical analysis of the XRP price within 4 hours. Currently, the XRP chart shows clear patterns in market behavior, suggesting that historical price movements could repeat themselves. The analyst predicts that if the cryptocurrency can successfully replicate these bullish historical patterns, it could trigger an uptrend for XRP.

XRP price patterns signal bullish potential

Richard, the crypto analyst at TradingView, popularly known as “The Signalyst,” has stated that history is repeating itself on the XRP price chart. The analyst published a detailed analysis report on XRP, predicting its future target while examining critical aspects of its current price performance.

According to Richard, XRP’s 4-hour chart shows an interesting pattern characterized by lower lows and strong bullish momentum. The two red arrows labeled “LL” on the price chart indicate areas where the XRP price made lower lows in mid-November, indicating a correction or trend reversal. This downtrend was quickly followed by a period of consolidation within a defined range, which can be seen in the green area on the chart.

After experiencing lower lows and bearish momentum, Richard noted that XRP price has entered a correction phase and has stabilized within the aforementioned green zone. Finally, XRP broke through this green resistance area and triggered an upward momentum that pushed the cryptocurrency to its previous price high of $1.5.

Although the XRP price corrected again and was trading at around $1.4 earlier this week, Richard emphasized that the cryptocurrency appears to be repeating the historical development described above. Its price has entered a new phase of consolidation just below the $1.53 level, signaling the beginning of its next upward move.

According to analysts, if XRP price repeats this pattern and breaks the $1.53 threshold, this would confirm XRP’s expected bullish momentum position and pave the way for a possible rally towards the psychological level of $2.

Analysts call XRP a bargain price at $1.4

Steph, a crypto analyst on X (formerly Twitter), has called the XRP price a bargain at $1.4. After rising above $1.5 earlier this month, XRP price experienced a slight trend reversal that pushed it down to $1.4.

Steph revealed that XRP price at $1.4 is a prime buying opportunity for investors as an upward breakout is imminent. As for the predicted breakout, the analyst seems to have been spot on as XRP price is currently trading at $1.6, up 8.7% in the last 24 hours.

As XRP continues to gain momentum, Steph predicts that the cryptocurrency could soon see an explosive rise to $50. Given this bullish scenario, Richard has urged investors to start buying XRP before further adoption pushes the price into the “very expensive zone” between $22 and $120.