Usman Salis
⬤ XRP's price action has shifted dramatically after breaking free from months of downtrend compression, sparking bold predictions from market watchers. Recently mapped out specific milestones - $15 by March 16 and $70 by mid-May - if the current momentum holds. The weekly XRP/USD chart shows decisive green candles pushing above the upper boundary of the old descending channel, signaling real strength after a long consolidation phase.
⬤ The weekly chart tells a clear story: XRP spent most of the previous period trapped under horizontal compression and downward pressure before finally breaking out. What were months of sideways, range-bound candles suddenly turned into vertical acceleration, with price clearing multiple trendlines that had been keeping the market contained. Strong weekly closes above key technical zones confirm this shift - a sharp contrast to earlier phases where XRP repeatedly failed to hold upward moves.
⬤ These $15 and $70 targets represent massive upside from current levels and suggest XRP could be entering a completely new trend expansion phase if momentum continues. While these projections are more aggressive than most mainstream forecasts, similar breakout patterns have been explored in recent coverage at TheTradable.com. The analysis in XRP Price Prediction: Ripple Eyes $4-$10 Range with Elliott Wave Confluence discusses technical patterns supporting higher ranges, while XRP Price Prediction: Bullish Setup Signals Major Potential outlines accumulation phases and potential intermediate rallies. Another piece, XRP Price Analysis: 60% Probability Breakout From Multi-Month Descending Channel, highlights similar breakout probability themes that align with the current technical shift.
⬤ What makes this breakout significant is how prolonged compressions often lead to explosive directional moves once key barriers finally break. A sustained climb could pull serious attention to XRP's broader trend potential compared to other major cryptocurrencies. On the flip side, if momentum cools off, price could settle into consolidation near the structural support levels established during the breakout.
Usman Salis
