🚨 XRP falls from $1.70 to $1.41, yet analysts say: this is the same pattern before the massive 2024 surge—once it plays out, look for $3.4?
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👀 One-sentence update: XRP is down nearly 4% over the past week, pulling back from a recent high near $1.70. Analyst SeffafNet compared two-year charts and said it’s “almost exactly the same as before XRP kicked off in 2024.” If the pattern confirms, the first target would be $3.40.
📊 Making the numbers concrete: XRP is trading around $1.41, up 1.71% over the past 24 hours. Key support sits at $1.35 to $1.38. Ali Martinez noted that roughly 3.2 billion XRP were previously transacted in this zone; Santiment data shows more than 4.8 billion have accumulated as buying/absorption between $1.31 and $1.38. Overhead resistance is at $1.60, $1.68, and $1.86. A breakout above $1.86 could open the door to $2.19. More aggressive Elliott Wave-style targets even see $4.11 and possibly $7.07.
🔥 What’s behind the numbers: the real value here is the cost/position structure. Billions of tokens have been “parked” between $1.35 and $1.38, effectively drawing a cost line with real money. As long as this line holds, pullbacks are more likely to look like a shakeout than a trend reversal.
💡 What matters isn’t the slogan of $3.4 or $7—it’s whether the money in the spot XRP ETF is still there. In the week of August 24, net inflows to the ETF were about $73.2 million. Institutions are still willing to keep buying near $1.4—that’s the fuel behind the pattern.
⚠️ A splash of cold water: analysts drawing lines doesn’t guarantee the market. The 2024 pattern looked perfect in hindsight, and at the time, just as many people were saying “this time is different.” If $1.35–$1.38 breaks, technical traders will flip instantly bearish—don’t stake your whole position on a single pattern.
👀 Do you think XRP is “repeating 2024,” or is it trapping buyers from the highs? Let’s discuss in the comments below 👇
Click the profile picture to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#xrp #Ripple #RippleCoin
Group: 点击进入玖玖的粉丝群
👀 One-sentence update: XRP is down nearly 4% over the past week, pulling back from a recent high near $1.70. Analyst SeffafNet compared two-year charts and said it’s “almost exactly the same as before XRP kicked off in 2024.” If the pattern confirms, the first target would be $3.40.
📊 Making the numbers concrete: XRP is trading around $1.41, up 1.71% over the past 24 hours. Key support sits at $1.35 to $1.38. Ali Martinez noted that roughly 3.2 billion XRP were previously transacted in this zone; Santiment data shows more than 4.8 billion have accumulated as buying/absorption between $1.31 and $1.38. Overhead resistance is at $1.60, $1.68, and $1.86. A breakout above $1.86 could open the door to $2.19. More aggressive Elliott Wave-style targets even see $4.11 and possibly $7.07.
🔥 What’s behind the numbers: the real value here is the cost/position structure. Billions of tokens have been “parked” between $1.35 and $1.38, effectively drawing a cost line with real money. As long as this line holds, pullbacks are more likely to look like a shakeout than a trend reversal.
💡 What matters isn’t the slogan of $3.4 or $7—it’s whether the money in the spot XRP ETF is still there. In the week of August 24, net inflows to the ETF were about $73.2 million. Institutions are still willing to keep buying near $1.4—that’s the fuel behind the pattern.
⚠️ A splash of cold water: analysts drawing lines doesn’t guarantee the market. The 2024 pattern looked perfect in hindsight, and at the time, just as many people were saying “this time is different.” If $1.35–$1.38 breaks, technical traders will flip instantly bearish—don’t stake your whole position on a single pattern.
👀 Do you think XRP is “repeating 2024,” or is it trapping buyers from the highs? Let’s discuss in the comments below 👇
Click the profile picture to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#xrp #Ripple #RippleCoin
