Expert Reveals 2 Entry Points for XRP, Predicts Price Surge to $10

This Analyst Has A Shocking Ripple (XRP) Price Prediction

XRP’s potential for a price surge is visible and could happen soon amid the broader market’s downturn. With precise technical analysis, analyst Ali Charts has shared key entry levels and a bullish target.

The expert’s insights focus on XRP’s consolidation phase, critical price zones, and projected targets. Moreover, Ali believes XRP could hit $10, providing opportunities for traders to strategize their positions effectively.

XRP Price Pattern Signals a Bullish Outlook

According to Ali’s chart, XRP is forming a classic pennant pattern. This technical structure typically signals a continuation of the prevailing trend. The pennant pattern consists of converging trendlines that represent declining volatility.

$XRP offers two potential entries. The first is the rising trendline of the pennant, at $2.05. The second is a breakout outside of the pennant, at $2.50.
Regardless of your entry, the target remains $10! pic.twitter.com/chpPehzUq7
— Ali (@ali_charts) January 9, 2025

Ali’s analysis suggests XRP may soon break out of this consolidation phase, setting the stage for a strong upward move. The rising trendline, connecting higher lows, acts as a support level during this consolidation.

The declining trendline, which links lower highs, indicates resistance. Ali emphasized that the convergence of these lines points to a potential breakout, which traders should monitor closely.

Two Key Entry Points Highlighted

Ali Charts identified two critical entry points for traders seeking to capitalize on XRP’s bullish momentum. The first level is $2.05, aligning with the pennant’s rising trendline. This entry point offers a lower-risk position within the consolidation phase.

The second entry level is $2.50, marking the breakout point outside the pennant. A confirmed breakout above this price signals a strong bullish move, according to Ali. Traders can select their entry level based on their risk tolerance and confirmation preferences.

XRP Targeting a $10 Price Level

Ali Charts’ analysis projects a target of $10 for XRP. This target is derived from the pennant’s flagpole height, which measures the prior rally’s strength. The projection also aligns with key Fibonacci levels, further validating the $10 target.

Fibonacci extensions suggest additional resistance levels at $4.73, $6.09, $8.76, and $11.82. These levels provide milestones for XRP as it climbs toward its ambitious target.

Per CoinGecko, XRP is trading at $2.30, reflecting a 24-hour decline of 2.17% at press time. Despite this, Ali Charts maintains confidence in XRP’s bullish outlook, emphasizing the significance of strategic entry points for potential gains.

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