{"id":51780,"date":"2025-03-14T03:30:38","date_gmt":"2025-03-14T03:30:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51780"},"modified":"2025-03-14T03:30:38","modified_gmt":"2025-03-14T03:30:38","slug":"xrp-price-hints-at-symmetrical-triangle-but-a-crash-could-come-before-the-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51780","title":{"rendered":"XRP Price Hints At Symmetrical Triangle, But A Crash Could Come Before The Surge"},"content":{"rendered":"

Crypto analyst CW23 has revealed that the XRP price is hinting at a symmetrical triangle<\/a>, which provides a bullish outlook for the crypto. However, he warned that a price crash could occur before XRP breaks out of this triangle and rallies to the upside.\u00a0<\/p>\n

XRP Price Hints At Symmetrical Triangle\u00a0<\/h2>\n

In a TradingView post<\/a>, CW23 revealed that a symmetrical triangle may be forming for the XRP price. This came as he noted that XRP is bouncing off the bottom of an ascending channel<\/a>, with the pinbar candle on the 4-hour chart now in upward pressure having tested the bottom. The analyst added that the crypto will probably trade in this range for a while.\u00a0<\/p>\n

However, CW23 stated that a symmetrical triangle is forming and it could be a larger wave 4 pullback in the Elliot wave before wave 5 takes the XRP price to a new all-time high (ATH)<\/a> to round out this year\u2019s bull cycle. The analyst\u2019s accompanying chart showed that XRP could drop to as low as $1.70 on wave 4. Meanwhile, the asset is projected to rally to a new ATH of $5 on wave 5.\u00a0<\/p>\n

Crypto analyst ElmoX also recently predicted<\/a> that the XRP price could witness a massive corrective and drop below $2 before it rallies to new highs. The analyst provided a more bullish outlook for XRP, predicting it could rally to as high as $20 in this market cycle. However, he warned that the crypto would face major resistance at $2.9 on its way to a new ATH.\u00a0<\/p>\n

The Altcoin Has Finalized Its Correction<\/h2>\n

In an X post, crypto analyst Dark Defender<\/a> stated that the XRP price has finalized the correction on the four-hour time frame. He mentioned that XRP is expected to move towards $2.42 first considering the correction structures. The analyst also affirmed that the real move to the upside will start after XRP climbs above the Ichimoku clouds.\u00a0<\/p>\n

Dark Defender highlighted $2.22 and $2.04 as the support levels to watch out for while he stated that $4.2932 and $5.8563 are the targets which the XRP price<\/a> could rally to. Crypto analyst CasiTrades highlighted the importance of the altcoin holding the support levels at $2.04 and $2.11.\u00a0<\/p>\n

She added that a hold above either of these levels is critical to maintaining the consolidation. Meanwhile, the analyst revealed that the next resistance levels are $2.25 and $2.70, which happens to be the next breakout level. CasiTrades also assured market participants that the price is still bullish, indicating it is still well primed to reach new highs.\u00a0<\/p>\n

At the time of writing, the XRP price is trading at around $2.24, up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

Crypto analyst CW23 has revealed that the XRP price is hinting at a symmetrical triangle, which provides a bullish outlook for the crypto. However, he warned that a price crash could occur before XRP breaks out of this triangle and rallies to the upside.\u00a0 XRP Price Hints At Symmetrical Triangle\u00a0 In a TradingView post, CW23 […]<\/p>\n","protected":false},"author":0,"featured_media":51781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51780"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51780"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/51781"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}