The post XRP Price Ready To Rise, Here Are Breakout Targets appeared on BitcoinEthereumNews.com.

XRP price has confirmed a major bullish pattern, signaling a potential shift in its long-term price direction. Recent positive developments are also contributing to its bullish reversal. Inverse Head and Shoulders Breakout Targets $2.70–$2.90 Technical analysis shared by market analyst Ali shows that XRP price has completed an inverse head and shoulders pattern. It is a bullish reversal pattern that often forms at the end of a downtrend. Source: X The neckline, placed around $2.35 to $2.40, has been broken, and price action indicates strong follow-through. The potential upside target following this breakout is between $2.70 and $2.90. It is calculated by measuring the distance between the head and the neckline, then projecting it upwards. Fibonacci extension levels between 1.618 and 1.786 support this target zone. These technical levels often serve as natural zones where traders anticipate reactions, making them important to watch. XRP Price Enters Phase 4 Growth Cycle, Analyst Suggests NevadaShot37 has analyzed that XRP starts Phase 4 of its extended price cycle. This cycle includes four stages: accumulation will be followed by growth, and then distribution, until finally ending with correction. Source: X According to the analyst, XRP has completed its accumulation phase. So, distribution has ended, and a “quantum jump” is now in motion. The previous price cycles featured extended periods without significant price change which was then followed by major price fluctuations. According to the assessment, the Phase 4 XRP price cycle will reach its apex during late 2025. The first cost projection for this market cycle contends that XRP can challenge its former highest valuation point. The analyst predicts that XRP will potentially reach both $6.618 and $21.5 due to Fibonacci extension calculations. Technicians have designated target levels, yet these numerical forecasts still need robust market factors to become valid. XRP Futures ETFs Approved,…

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Filed under: News - @ May 1, 2025 9:25 am