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XRP Price Cryptocurrencies may be in the spotlight as new technical analysis suggests A huge price explosion to $5.9 and beyond. According to analysts for this forecast, XRP’s recent price behavior is not a sign of weakness, but a period of strategic merger, which is the driving force for the next major surge.
Fuel XRP price explosion in consolidation stage
Ananda Master, crypto analyst at TradingView, issued A detailed analysis of XRP on May 15. Analysis highlights current price action for cryptocurrencies and predicts its Next bullish action. Starting with historical price behavior, the analysis highlights a strong rally that took place in 2024, especially around November and December, when XRP printed long green candles indicating strong momentum.
Related Readings
After reaching a height, XRP enters merge phaseDuring this period, the price action forms a pattern similar to a symmetrical triangle or wedge. The chart has red dotted marks showing the hesitation in the market Prices are suppressed.
Master Ananda revealed that The formation of trianglesXRP broke out around April 7, 2025 – the date now marks a potential turning point in the cryptocurrency market cycle. Since then, the weekly candles have been closed in green all the time, indicating that they have been updated Bullish momentum.
Added Master Ananda Cases that bullish XRP prices is from the last major swing to the recent low Fibonacci backtracking and expansion levels. These levels help determine potential resistance and targeted areas for the next leg.
It is worth noting that the marks for the answer level are about $2.05 (0.236 FIB), $2.39 (0.382 FIB) and $2.71 (0.618 FIB), which ended up at a previous high of $3.40. The potential target for the Fibonacci expansion project is $4.50 (1.618 FIB), with a maximum level of $6.29 (2.618 FIB).
Currently, the trajectory of the curved green arrow in the chart shows a more likely target of about $5.9. However, XRP still has to exceed the above-mentioned retracement level, and resistance is $4.5 to reach this level. The overall gain from this analysis is that XRP is Print a strong bullish signalthe current merger is seen as a pioneer in further growth.
Assets are close to construction or damage areas
XRP is entering its decisive phase as crypto analyst Egrag Crypto predict Breakthrough soon Closely merge rangecryptocurrencies have been trading for several months. The analyst’s chart shows a purple area that he describes as a “Pandora box.” This area represents a critical price range that is both resistive and support, thus effectively capturing price action.
Related Readings
Egrag Crypto stresses that a breakthrough above or below this boxed range may inspire high volatility and significant momentum for XRP. He sees it as a critical moment, with big moves expected, and potentially explosive.
Featured Images from Getty Images, TradingView.com Charts
