XRP Price Don Break 7 Years Double Bottom, Dem Dey Target $36 Bull Rally
XRP price don break out from seven-year double bottom pattern after e clear $1.80 neckline and e confirm this move with successful retest. The old all-time high of $3.84 don become support now, e dey push the bullish momentum strong. Analyst Gert van Lagen put 2.00 Fibonacci extension target for $36, wey big pass the earlier $34 projection. Another analyst, Shibo, compare XRP structure to Ethereum 2017 breakout and dem see potential for surge reach $589. These signals show say XRP price fit dey enter early stage of multi-year rally, but short-term wahala fit still happen.
Bullish
Di breakout and retest of di key support levels dey show say pipo get strong interest to buy, e dey boost di bullish momentum. Short-term traders fit see say di market dey volatile as di RSI high and target dey change, but di confirmation of di neckline and di waya e relate to historical rallies dey support say di uptrend fit last. Di comparison to Ethereum 2017 surge show say e fit climb for multiple years. Overall, all dis technical developments dey favour bullish outlook for XRP price as traders dey reposition for more gains.