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Cryptocurrency News Articles

XRP Bullish Sentiment Builds as Analysts Predict Explosive Surge Toward $20+

May 22, 2025 at 04:08 pm

The XRP community is buzzing with renewed optimism as prominent crypto analysts present compelling technical cases for a potential parabolic rally—one that could push the asset above the $20 mark.

XRP Bullish Sentiment Builds as Analysts Predict Explosive Surge Toward $20+

The XRP community is abuzz with renewed optimism as prominent crypto analysts present compelling technical cases for a potential parabolic rally—one that could push the asset above the $20 mark.

Crypto trader Amonyx sparked widespread attention by declaring, “There is nothing stopping $XRP reaching $20+ now,” presenting a chart that suggests XRP has broken out of a long-term consolidation phase. The chart, seemingly based on Elliott Wave Theory, shows XRP entering the fifth wave of a macro bull cycle, supported by historical patterns and Fibonacci projections.

His forecast points toward an upside target as high as $27.

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This bullish prediction is further fueled by a post from another crypto trader, EGRAG CRYPTO, who shared a complementary chart analysis.

Highlighting key bullish candle patterns—including a “Hammer” formation—and a strong close above the 9-month EMA (Exponential Moving Average), the visual suggests XRP has flipped previous resistance zones into support and may be preparing for a significant breakout. “#XRP – What do you see?! I see it clearly,” he wrote, calling on the #XRPFamily to recognize the opportunity.

Together, both posts highlight a growing technical consensus among traders that XRP could be on the brink of a major price movement. The excitement is underpinned by long-term consolidation, bullish breakouts, and favorable chart structures—all reinforcing the idea that XRP’s moment may finally be here.

The post XRP Bulls Unwind as Analysts Predict Explosive Surge Toward $20+ appeared first on TokenPost.

See original article

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