XRP Price Completes 7-Year Double Bottom Amid Prep For Moonshot To $19

Crypto analyst Bobby revealed that the XRP price has completed a consolidation pattern, hinting at a potential parabolic rally for the altcoin ￰0￱ analyst suggested that XRP’s price could rally to double digits once this rally ￰1￱ Price Eyes Rally To $19 As It Completes Double-Bottom Pattern In an X post, Bobby indicated that the XRP price has completed the macro double-bottom pattern, which it had spent over seven years ￰2￱ analyst’s accompanying chart showed that the altcoin is now gearing up for a rally to as high as $19 following the completion of this consolidation ￰3￱ Reading: XRP Price Faces 25% Drawdown Risk, But This Technical Point Is Key Meanwhile, the analyst noted that the XRP price spent over nine months building support near the neckline of the massive W ￰4￱ added that the altcoin spent the same amount of time consolidating below the 1.618 Fibonacci extension of its latest macro swing high to swing ￰5￱ indicated that the XRP price rally will begin once it breaks through $3.02 and gains monthly acceptance above that ￰6￱ expects this move to take XRP into the take-profit levels he has highlighted on several ￰7￱ levels include $4.7, $6.4, $7.4, and possibly $19, all of which mark new all-time highs (ATHs) for the ￰8￱ analyst also predicts that the XRP ETFs could spark a rally to between $8 and $13 with possible wicks into the $20 ￰9￱ funds are expected to launch this month, depending on when the ￰10￱ shutdown ￰11￱ provided a bullish outlook for XRP due to the amount of inflows that they could drive into the altcoin’s ecosystem.

Meanwhile, it is worth mentioning that Bobby had also earlier alluded to previous cycles as the reason XRP could rally to $13. Analyst Sounds Warning To Bulls Crypto analyst Egrag Crypto has warned XRP bulls that the XRP price needs to close above $3.13 to $3.20 on the 3-day chart to sustain the current bullish ￰12￱ warning followed XRP’s reclaim of the psychological $3 level, which he noted has wrecked the bears. However, the altcoin needs to close above this range, or the bulls are also in danger of getting ￰13￱ Reading: Analyst Says XRP Price Remains Bullish As This Level Holds Egrag Crypto stated that the XRP price could follow suit if Bitcoin and Ethereum get rejected on their current ￰14￱ added that the altcoin could head lower, which he believes might actually be ￰15￱ assured that the last impulsive move would be explosive and could lead to life-changing gains for the bulls.

However, for now, he believes that XRP is simply ranging until it closes above $3.20. At the time of writing, the XRP price is trading at around $3, up in the last 24 hours, according to data from ￰16￱ image from Adobe Stock, chart from ￰17￱