- XRP price is trading at $3.01 and forming a triangle pattern similar to 2017.
- Analysts project $6 first, with $10 possible if momentum sustains.
- A drop below $1.95 could stall the rally and extend sideways movement.
XRP price is on the move because the price pattern is similar to that of the historic 2017 arrangement that resulted in an enormous rally. The asset is currently trading at $3.01 and analysts believe that it could be heading towards the $10 level in the near future due to its common consolidation pattern.
The level of support at $1.95 is one of the most crucial levels to ensure the bullish structure. As accumulation is in the process and the market sentiment is creating a solid base, XRP price finds itself at a bit of a critical point that will determine its next big upward movement.
XRP Price Charts Mirror Historic Setup For A Possible $10 Surge
According to an analyst on X platform, the XRP price structure reflects past consolidations where triangular phases eventually resolved into parabolic advances. The XRP current value is trading at $3.01, showing signs of building momentum within a recurring chart pattern.
The analyst emphasizes that the latest sequence shares similarities with the 2017 surge, when XRP experienced exponential gains. This has elevated expectations that the current formation could launch XRP toward the projected $10 zone.
Altcoinboom previously forecasted that XRP breakout setup is a $6 target in play before higher points. Nevertheless, maintaining support at $1.95 is essential to avoid structural collapse. Failure in the defence of this level would leave the asset in prolonged sideways consolidation.
Meanwhile, accumulation indicates a high degree of conviction among participants in the market. Thus, XRP price stands on a crossroads that can predetermine its course to new achievements.
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