Top analyst Alan Santana has shared a detailed long-term bullish outlook on XRP’s trajectory via TradingView. As per his chart, XRP is expected to witness growth, with a crucial phase of accumulation paving the way for possible all-time highs by 2025.
With an emphasis on the rising trendline, accumulation phase, and possible price levels based on Fibonacci retracement, his analysis provides insights into the token’s price trajectory.
Long-term Rising Trendline Indicates Bullish Sentiment
Alan Santana’s analysis emphasizes a long-term rising trendline on XRP’s chart, which spans multiple years. This black trendline showcases the steady upward movement of XRP, even amid short-term market fluctuations.
The rising trendline, which indicates that XRP is likely to continue its upward course if the price stays above it, is essential to the overall optimistic perception.
Santana’s chart provides comfort in knowing that the long-term picture for XRP is still favorable, even in the event of possible dips. Historically, the rising trendline has served as a level of support, boosting confidence in the upward trend of XRP.
XRP’s Accumulation Phase Marks Strong Foundation
Santana highlights the ongoing accumulation phase for XRP, which began in June 2022. This phase has now extended for over 833 days, characterized by a consistent pattern of higher lows. According to the analysis, this accumulation reflects sustained buying pressure, setting the foundation for a significant bullish wave soon.
With over 1,650 days of higher lows, this accumulation phase strengthens the bullish case for XRP. Santana’s chart suggests that this steady build-up in buying activity could eventually lead to a major price rally, with the accumulation phase serving as a precursor to new all-time highs.
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Show more +Key Levels to Watch
Santana’s chart also features Fibonacci retracement levels, which provide potential price targets for XRP’s future growth. Key levels such as 0.5 ($1.1271) and 0.618 ($1.3253) are highlighted as important areas where price reactions might occur.
These levels offer traders insights into potential consolidation or resistance points during XRP’s upward trajectory. Moreover, these Fibonacci levels act as markers for investors to track potential price movements and determine when XRP might encounter resistance or continue its climb.
Read also: Dogecoin Price Breaks 6-Month Downtrend: Is DOGE Primed for a Rally?
Where is XRP Headed?
Santana remains optimistic about XRP’s price movement, forecasting new highs by 2025. While acknowledging market shifts, the analyst maintains that XRP’s overall trend remains bullish, driven by the accumulation phase and rising trendline.
As the market progresses toward a potential bull run, Santana suggests that XRP could see substantial gains, surpassing previous records. With this bullish outlook, Santana’s analysis reinforces the belief that XRP is positioned for a substantial rise.
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