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Analyst Says XRP Massive Price Rally Is Coming In September. Here’s Why
A prominent crypto analyst has made a bold prediction about the future price action of Ripple’s native cryptocurrency, XRP. According to Levi of Crypto Crusaders, XRP is preparing for a major price breakout, which could begin as early as late August and accelerate into September.
Levi points out that the current technical structure of XRP’s chart bears striking similarities with previous instances where the asset has seen significant upswings. He notes that XRP is currently oversold and trending upward on multiple timeframes, a combination that has historically preceded powerful moves.
“I am extremely confident that there’s a lot of upside within the next two months here,” Levi emphasized during his recent post on X. “The entire bull run, you will have seen on multiple periods where we’ve been oversold and we’ve gone to overbought, and we’ve seen tremendous pumps.”
While some may view this as simply hopeful speculation, Levi’s forecast is rooted in trend recognition and supported by ongoing market developments. The analyst notes that the broader crypto market has turned increasingly bullish, fueled by expectations of U.S. monetary easing and institutional adoption of crypto.
In his analysis, Levi highlights the importance of the stochastic RSI indicator, which he claims to be a reliable predictor of XRP’s price action. According to him, this indicator is currently signaling that XRP is due for an upswing.
Source: timestabloid.com
