Peter Smith
⬤ TheCryptoBasic recently reported that economist Mikybull sees XRP potentially mirroring Zcash's historic surge, with a "conservative target of $8–$10." The comparison is rooted in structural similarities between XRP's current setup and Zcash's formation before its explosive rally. The chart shows trendline breaks, rounded accumulation patterns, and extended consolidation zones—all echoing the setup that preceded Zcash's breakout.
⬤ The chart reveals XRP holding above a long-standing breakout level while consolidating under horizontal resistance. Multiple historical trendline breaks on the image support the idea that XRP is repeating a multi-year pattern similar to what Zcash displayed before its own breakout cycle. According to Mikybull, this structural alignment could pave the way for a major move if the pattern plays out.
⬤ For investors watching XRP, this comparison highlights how long-term chart structure matters. While Mikybull calls $8–$10 a conservative estimate, the Zcash reference serves as a reminder of how fast things can shift once a technical breakout kicks in. With XRP sitting at a key consolidation zone, traders are closely monitoring whether a longer-term expansion phase is on the horizon.
Peter Smith
