XRP Set To Skyrocket To $4.39, Says Trading Guru
The famous technical analyst Peter Brandt released the daily price chart (XRP/USDT) on January 30, which stimulated the XRP community. Brandt’s scope of drawing in decades has a reputation, and he emphasizes $ 4.39,9541 as the top price target based on the current market structure.
“Hey XRP_PILL_POPPERS. It is clear that I can pay less attention to XRP. If I rise, I want to be long. If I fall, I will never be short -circuited, but I would rather drag the wanderer. Now there is no other way to define the chart outside the chart. Other ways. CommentEssence
XRP Bull Flag Group
Starting from the favorable position of analysts, XRP rally in early January, increasing the price of $ 2.6040, the price is close to $ 3.2140. Once this peak is formed, the market will briefly return, thereby creating a series of lower and lower low points, which is reviewed by the downward trend line on the Brand chart. This merger is similar to textbook bullfighting logo, which is usually interpreted as a pause in the upward trend.
Brant’s expected breakthrough may be positioned at the next famous indirect cost area at a price target of $ 3.5487, and his ultimately bullish target is around $ 4.39,541. If XRP confirms the upper boundary of the flag, these levels (displayed through the green line display on the chart) indicate possible resistance areas.
Two mobile average can be seen on Brant’s charts: the 8 -day moving average (green line) is currently hovering above $ 3.00. It helps define short -term support levels. The 18 -day mobile average (orange line) tends to be less than $ 2.70, which has enhanced a wider upward trend.
At the same time, the number of ADX readings at 17.05 shows that the overall trend intensity is medium. If the price stands out decisively from the national flag, it will leave room for greater power. The 30 -day average real range (ATR) value of nearly 0.2135 emphasizes the daily volatility. Compared with the earlier stage, the daily volatility increases, but it still exists compared to certain high β alternative coins.
Brandt’s posts have triggered a discussion of traders, including HTL-NL (@Htltimor), who pointed out the bullish confirmation of use Wyckoff analysisEssence “Use WYCKOFF to look good. Of course, if $ TC dives, everything will suffer, but this is one of ATM’s better ALT charts,” he said. Brant answered the approval and said, “It has been well confirmed from a good source.”
According to the WYCKOFF-based chart shared by HTL-NL, XRP has been tracking a series of classic stages-after the sales climax (SC), the automatic rally (AR) is performed, and then multiple sub-test (ST) is performed. Eventually reached a climax. It seems to be a sign of power (SOS). SOS tags usually marked the demand to decisively overcome the supply points, the price increases the key resistance level, and maintains the area that supports the previous tests. The volume signature further supports this behavior, and these signatures indicate that re -interesting and reducing the callback during the rally.
Use WYCKOFF term, Successful SOS In the re -storage structure, the road is usually paved for the continuous rising space. The blue line marked with “BUEC” (backup to the edge of the stream) shows that XRP has re -tested its final main resistance as a support. Wyckoff analysts predict that if it maintains these levels and confirms SOS, it can move towards higher goals and be consistent with Brandt’s Bellish Bullish Flag forecast.
At the time of release, the transaction price of XRP was $ 3.09.
Use the characteristic images created by Dall.e, the chart of tradingView.com
