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The XRP price is preparing for another upper upward movement, such as the case a cryptographic analyst foreseen An increase of 20% in the near future. This optimistic forecast is supported by the formation of a key technical model called the Golden pocket and indicators, including high support levels and a critical resistance zone.
Golden Pocket Signals XRP Prix Surge
According to the trading view Tehthomas analyst, the XRP prize is currently negotiated in a Ascending channel, Prepare the ground for a potential movement of 20% upwards. Within 4 hours, XRP continued to respect this ascending channel, forming higher and higher ups – a key indicator of a sustained increase trend.
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Interesting fact, the most notable development of XRP price action is the appearance of a golden pocket on his table. A golden pocket is a key fibonacci trace area which is often used to identify the potential Levels of support and resistance. It represents a complete trend reversal for cryptocurrency and a possibility of an aggressive rise.
The tradingView analyst revealed that the current golden pocket of XRP aligns with an imbalance zone, an unptimous liquidity zone where prices generally revisit before resuming the movement.
In the graph, the golden pocket of XRP is between 0.618 – 0.65 Fibonacci trace level – A well -known area where the price generally finds solid support before continuing the trend. Historically, XRP reacted twice from this key level, indicating that buyers have actively defended this area.
Tehthomas has predicted that as long as the XRP price can maintain above the level of decline in the key fibonacci, which also acts as a critical resistance, the upper structure of the cryptocurrency will remain unchanged. In addition, XRP could be Prepared for a massive rally Around 0.618 Fibonacci Extension LeveL, which corresponds to the upper limit of the ascending canal.
If this bullish momentum continues, it means that the analyst expects the XRP price to see a rally to a target between the $ 2.8 and $ 2.9 range. This represents a price increase of 29% compared to the current XRP price of $ 2.2.
Short -term resistance could trigger the decline
Tehthomas Handy perspectives for the XRP priceTradingView analyst noted that the one -hour period has short -term resistance, which could lead to a Pollback before the next step. XRP recently faced a rejection in the imbalance zone, indicating that sellers increase the activity to this level.
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Previously, when the price had trouble breaking the imbalance zone, it highlighted a lack of liquidity To maintain a continuous rise in trend. A rehearsal of this could lead to a retracement to the golden pocket within 4 hours.
In particular, a confirmed escape from the one -hour imbalance period could strengthen XRP’s optimistic momentumSupporting its projected movement towards the upper levels of the ascending canal. However, a failure could move this upward structure, leading to a deeper correction to lower support levels.
Istock star image, tradingView.com graphic