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An analyst has made a bold prediction regarding the price of XRP, claiming that it is about to experience an explosive rally before eventually crashing.
According to a recent chart analysis, XRP’s Stochastic Relative Strength Index (SRSI) indicator has crossed the 80 level, a momentum signal not seen since 2017. This crossover, known as a “Cross Confirmed” moment, warns that the market may be entering a highly volatile phase.
Historically, this exact signal has led to XRP surging in price by over 20 times within three months before experiencing a significant correction. While it’s unlikely that we will see a repeat of 2017’s explosive rally due to XRP’s higher market capitalization today, the analyst expects a powerful surge followed by a 70% price crash.
The prediction comes as XRP is trading at $2.20 on the 1D chart, sparking excitement among investors and traders.
Source: https://bitcoinist.com/analyst-says-xrp-is-back/
