XRP was Forming a red downstream candle Since early February, which has been the result of a price accident that took place at the beginning of the month. Although the Altcoin has since recovered slightly, he has not yet returned to his January open. Nevertheless, the majority of cryptographic investors remain optimistic about XRP’s long -term perspectives, with Analysts double the optimist Price targets ranging from $ 2 to $ 5.
However, a crypto analyst on the tradingView platform presented a convincing lower case for XRP, warning that the asset is approaching the end of a 12-year-old crucial cycle, which could trigger a severe correction at $ 0.1 .
The 12 -year XRP cycle ends. Major correction to come?
According to the analystXRP has almost finished a 12 -year cycle, and the conclusion of this phase will be a very intense correction of the XRP price. While recognizing that XRP could still reach a slightly high level before the start of the full decline, the analyst believes that the probability of a significant increase is low and warns that a continuous correction could occur in the coming months.
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The warning is focused on technical indicators and technical models, in particular a long -term triangle model. This long -term triangle scheme persisted for five years between the summit of all time of XRP of $ 3.40 in 2018 until 2024, before separating from a last fifth wave. The latter fifth wave would have reached a summit at $ 3.40 in January 2025, and the next movement from here is a prolonged move down.
The analysis also refers to the Haussier / Lower Reversal Bed indicator by Skyrexio, which confirmed the conclusion of the 12 -year cycle. From now on, the target proposed for correction is fixed around $ 0.1, based on the level of trace of 0.5 Fibonacci.
The contrasting prediction because the majority remains optimistic about the future of Altcoin
At the time of writing the editorial staff, XRP is negotiated at $ 2.43, which means that a $ 0.1 correction would represent a 95% drop in its current level. Such a drop would not only erase almost all of XRP gains since 2017, but would also mark one of the most devastating collapses in its history. Interestingly, this loss projected in the XRP market capitalization would still be greater than that which we hear in the years when it has been deleted by The weight of the dry trial against its The parent company Ripple.
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This downward prediction contrasts the extremely optimistic feeling that currently surrounds XRP. Many analysts and investors expect prices for prices in anticipation of institutional adoption and regulatory clarity within the framework of the new Trump administration. An analyst has even recently predicted that the XRP price is about to make a High Run of all time at $ 5. Another analyst, Javon Marks, noted that XRP is on the right track to reach more than $ 100 in the coming years.
Medium star image, tradingView.com chart