{"id":653664,"date":"2024-11-18T21:30:01","date_gmt":"2024-11-18T21:30:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653664"},"modified":"2024-11-18T12:41:35","modified_gmt":"2024-11-18T12:41:35","slug":"xrp-11-year-supercycle-3-4","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-11-year-supercycle-3-4\/","title":{"rendered":"Analyst Says XRP’s 11-Year SuperCycle Is Coming To An End, Why A Surge To $3.4 Is Imminent"},"content":{"rendered":"

A crypto analyst has noted that <\/span>XRP<\/span><\/a> has finally broken out of its <\/span>long consolidation phase<\/span><\/a>, signaling the onset of a major price rally. He further predicts that the XRP price is on the verge of ending an 11-year <\/span>SuperCycle<\/span><\/a>, which could pave the way for a surge to $3.4 once finalized.\u00a0<\/span><\/p>\n

SuperCycle To Trigger $3.4 Surge\u00a0<\/span><\/h2>\n

Skyrexio, a TradingView crypto analyst, has <\/span>released<\/span><\/a> an <\/span>XRP price analysis<\/span><\/a>, forecasting a possible increase to $3.4. In the chart analysis, Skyrexio disclosed that XRP has recently broken out of its four-year consolidation period, potentially signaling the start of a <\/span>bullish uptrend<\/span><\/a>.<\/span><\/p>\n

Related Reading: Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price<\/a><\/div>\n

Unsurprisingly, the total duration of the consolidation period coincides with the number of years <\/span>XRP has been involved in a legal battle<\/span><\/a> with the United States Securities and Exchange Commission (SEC). Following the lawsuit, the XRP price crashed significantly, staying <\/span>range-bound<\/span><\/a> for years as it struggled with legal and regulatory challenges.<\/span><\/p>\n

Notably, Skyrexio\u2019s bullish forecast for the XRP price relies on the <\/span>Elliott Wave Theory<\/span><\/a>, a technical indicator that predicts price movements of an asset by identifying recurrent long-term price patterns. The analyst noted that XRP\u2019s first Elliott Wave began in 2013, almost 11 years ago. After that, the cryptocurrency experienced a price correction, followed by the legendary Wave 3.\u00a0<\/span><\/p>\n

\"XRP
Source: TradingView<\/figcaption><\/figure>\n

Over the last three years, the <\/span>price of XRP<\/span><\/a> had been trading sideways, failing to experience gains that would push its price significantly above the $0.5 mark. Skyrexio has revealed that this <\/span>prolonged sideways movement<\/span><\/a> can be interpreted as a corrective triangle pattern in Wave 4.<\/span><\/p>\n

The analyst revealed that <\/span>XRP has successfully broken out<\/span><\/a> of this triangle pattern, signaling the end of its correction phase. He suggests that the cryptocurrency is now in Wave 5, the last wave of its first global SuperCycle.<\/span><\/p>\n

Based on <\/span>XRP\u2019s Elliott Wave<\/span><\/a> analysis, Skyrexio has outlined two bullish targets for the XRP price. The analyst forecasts that XRP could rise between $2.5 and $3.8 at the end of this SuperCycle. He emphasized that the higher price target at $3.8 is more likely to be achieved, as historical data shows that in 90% of cases, Wave 5 experiences a higher high than Wave 3.<\/span><\/p>\n

Concluding his analysis, Skyrexio pointed out key bullish indicators on his price chart, including a bullish reversal bar and green dot at the end of Subway C. He suggested that these bullish signs, appearing on the monthly time frame, are strong indicators of a potential upward move that could drive the XRP price to its final <\/span>bullish target<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started<\/a><\/div>\n

Update On XRP Price Dynamics\u00a0<\/span><\/h2>\n

The XRP price has <\/span>achieved a monumental milestone<\/span><\/a> for the first time in years. In just one week, the cryptocurrency rallied by 101.77%, experiencing significant <\/span>price gains<\/span><\/a> following Donald Trump\u2019s win in the <\/span>US presidential elections<\/span><\/a> this month.\u00a0<\/span><\/p>\n

Earlier this year, the price of XRP was stuck in the $0.5 range, experiencing slight gains but unable to break past this critical resistance level. Now, the cryptocurrency has doubled its price and <\/span>is trading above $1<\/span><\/a>, a historic feat that has caught the attention of the broader crypto community. As of writing, XRP has gained another 10.1% and is priced at $1.16, according to CoinMarketCap.<\/span><\/p>\n

\"XRP
Token price drops after surge | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has noted that XRP has finally broken out of its long consolidation phase, signaling the onset of a major price rally. He further predicts that the XRP price is on the verge of ending an 11-year SuperCycle, which could pave the way for a surge to $3.4 once finalized.\u00a0 SuperCycle To Trigger $3.4 Surge\u00a0 Skyrexio, a TradingView crypto analyst, has released an XRP price analysis, forecasting a possible increase to $3.4. In the chart analysis, Skyrexio disclosed that XRP has recently broken out of its four-year consolidation period, potentially signaling the start of a bullish uptrend. Related Reading: Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price Unsurprisingly, the total duration of the consolidation period coincides with the number of years XRP has been involved in a legal battle with the United States Securities and Exchange Commission (SEC). Following the lawsuit, the XRP price crashed significantly, staying range-bound for years as it struggled with legal and regulatory challenges. Notably, Skyrexio\u2019s bullish forecast for the XRP price relies on the Elliott Wave Theory, a technical indicator that predicts price movements of an asset by identifying recurrent long-term price patterns. The analyst noted that XRP\u2019s first Elliott Wave began in 2013, almost 11 years ago. After that, the cryptocurrency experienced a price correction, followed by the legendary Wave 3.\u00a0 Over the last three years, the price of XRP had been trading sideways, failing to experience gains that would push its price significantly above the $0.5 mark. Skyrexio has revealed that this prolonged sideways movement can be interpreted as a corrective triangle pattern in Wave 4. The analyst revealed that XRP has successfully broken out of this triangle pattern, signaling the end of its correction phase. He suggests that the cryptocurrency is now in Wave 5, the last wave of its first global SuperCycle. Based on XRP\u2019s Elliott Wave analysis, Skyrexio has outlined two bullish targets for the XRP price. The analyst forecasts that XRP could rise between $2.5 and $3.8 at the end of this SuperCycle. He emphasized that the higher price target at $3.8 is more likely to be achieved, as historical data shows that in 90% of cases, Wave 5 experiences a higher high than Wave 3. Concluding his analysis, Skyrexio pointed out key bullish indicators on his price chart, including a bullish reversal bar and green dot at the end of Subway C. He suggested that these bullish signs, appearing on the monthly time frame, are strong indicators of a potential upward move that could drive the XRP price to its final bullish target.\u00a0 Related Reading: Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started Update On XRP Price Dynamics\u00a0 The XRP price has achieved a monumental milestone for the first time in years. In just one week, the cryptocurrency rallied by 101.77%, experiencing significant price gains following Donald Trump\u2019s win in the US presidential elections this month.\u00a0 Earlier this year, the price of XRP was stuck in the $0.5 range, experiencing slight gains but unable to break past this critical resistance level. Now, the cryptocurrency has doubled its price and is trading above $1, a historic feat that has caught the attention of the broader crypto community. As of writing, XRP has gained another 10.1% and is priced at $1.16, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":646926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-653664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nAnalyst Says XRP's 11-Year SuperCycle Is Coming To An End, Why A Surge To $3.4 Is Imminent<\/title>\n<meta name=\"description\" content=\"A crypto analyst has noted that XRP has finally broken out of its long consolidation phase, signaling the onset of a major price 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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