XRP has been stuck under $3 for much of the past two weeks and is struggling to build the kind of momentum traders have been waiting for, alongside the rest of the crypto market. That picture has started to change in the past day, as the price began climbing back toward $3.
This shift comes as market commentators are revealing different bullish technical setups, with one of the loudest voices being Altcoin Gordon, who believes the next move for XRP won’t just be higher, but it will be fast and aggressive.
Next XRP Move Will Be Fast And Aggressive
Altcoin Gordon, who has built a reputation for bold commentary on the crypto market, issued an important call for crypto traders on the social media platform X. The analyst didn’t hesitate with words on his post, noting that XRP’s next move is going to be fast and aggressive. According to him, the best course of action now is to be “either positioned BEFORE it happens, or begin for an entry once it does.”
Gordon’s perspective is rooted in how the altcoin has been trading inside a descending triangle on the daily candlestick timeframe chart. This structure has become evident considering that the XRP price has bounced off the same support level about three times since early August. Particularly, the chart setup Gordon points to shows the asset holding a key support around $2.70 multiple times.
The structure suggests pressure is building, and once the upper resistance trendline gives way, the breakout could come with speed. According to Gordon’s projection on the daily chart, the first stop is breaking above the resistance trendline currently around $3. However, the real acceleration would likely push XRP to $3.6 and above to new all-time highs.
Longer-Term Signals Point Toward Bigger Gains
Gordon’s focus is on the immediate breakout, but his outlook gains weight when combined with longer-term projections from other analysts. For instance, crypto analyst Mikybull Crypto drew attention to XRP’s performance on the three-month candlestick chart, noting that the coin has flipped green for the first time since 2017.
Such signal coincided with the start of the major uptrend in 2017 that pushed the token price to unprecedented price levels at the time. If history repeats itself, its price could be on the verge of something much larger than just a rally to $3 or $3.6. Mikybull’s analysis predicts that the XRP price could reach anywhere between $5 and $15 on the macro uptrend.
At the time of writing, the altcoin is trading at $2.98, having increased by about 4.8% in the past 24 hours. CoinCodex’s algorithm also predicts that XRP will reach above $4 within the next six months, specifically a $4.20 price target. This projection was shared by the official CoinCodex account in a direct response to Altcoin Gordon’s post on X.
Featured image from Getty Images, chart from Tradingview.com
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