XRP Poised For Major Breakout? Cryptocurrency Analyst Predicts XRP May Soar to $250 by 2028

Famous cryptocurrency analyst, The Great Mattsby, has predicted that the price of Ripple's XRP may soar to $250 by 2028. This forecast is based on historical analysis, technical analysis, and even symmetry, which shows that the future breakout would be massive.

Renowned cryptocurrency analyst, The Great Mattsby, has unveiled his ambitious prediction for Ripple’s XRP, suggesting that the coin may soar to an impressive price of $250 by 2028. This bold forecast is meticulously crafted based on a confluence of factors, including historical analysis, technical indicators, and even symmetry, hinting at a massive future breakout for XRP.

Kicking off his analysis, Mattsby examines the Bollinger Bands on the monthly chart, highlighting how they are currently the tightest they have ever been for XRP. Typically, when the bands are squeezed together like this, it anticipates a large price move. He points to two previous instances where this occurred: one from September 2016 to March 2017, during which XRP’s price rose by approximately 50,000-60,000%, and another period with a 1000% rise in price. This current squeeze is even tighter than the previous ones, suggesting that an even more substantial breakout may be on the horizon.

XRP Poised For Major Breakout?

This prediction is further bolstered by the extended period of consolidation that XRP has been in. From its all-time high to the current price it has taken 2,373 days. According to Mattsby, that is an incredible period of consolidation which, together with the tight Bollinger Bands, points to a huge price action.

Comparing XRP to other major cryptocurrencies, Mattsby notes that the Bollinger Bands of Bitcoin and Ethereum are not as tight as the ones for XRP. This puts the Ripple coin in a very good place for a large move higher in his view.

Mattsby also utilizes Gann’s Square of Nine on a logarithmic scale to further substantiate his forecast. He outlines certain angles and levels which have governed Ripple in the past including the 45-degree angle which has at one point or the other served as a resistance and support level. At the moment, XRP aligns with this view where the 45-degree angle is acting as a pivot, suggesting that there is a possibility of price appreciation.

Hence, if XRP follows the same market pattern and historical trends, the price can easily shoot to $250 by January, 2028. The current status of XRP in the Bollinger Bands is quite compressed, historical price movements and accordance with important levels contribute to the impression of a large breakout.

While $250 may seem like a lofty target, The Great Mattsby argues that historical patterns, technical indicators, and market symmetry make it a realistic possibility for XRP in the coming years. This bold prediction positions Ripple coin as a cryptocurrency to watch closely.

The above is the detailed content of XRP Poised For Major Breakout? Cryptocurrency Analyst Predicts XRP May Soar to $250 by 2028. For more information, please follow other related articles on the PHP Chinese website!