XRP to $250 Feasible, Renowned Market Analyst The Great Mattsby Stakes His Claim

The Great Mattsby, a renowned market analyst, has once again stirred the waters with his bold prediction: XRP could reach $250 in the coming years.

Renowned market analyst The Great Mattsby has once again made a bold prediction, suggesting that XRP could reach $250 in the coming years. In a recent commentary, Mattsby outlined his analysis in detail, presenting a roadmap for his ambitious claim.

The analyst points to the Bollinger Bands on XRP’s monthly chart, highlighting that they are tighter than the token has ever seen before. Historically, tight Bollinger Bands have signaled significant price movements. Mattsby recalls two previous instances.

The first was from September 2016 to March 2017, leading to a 60,000% surge. The second, in April 2021, saw a 1,000% increase with less tight bands. Now, with even tighter bands, Mattsby suggests an explosive price increase is likely.

XRP is currently down 84% from its $3.31 all-time high in January 2018. It has been 2,373 days since that high, a prolonged consolidation period. Mattsby argues that this, combined with the tight Bollinger Bands, indicates a significant move is imminent.

Comparing the altcoin to Bitcoin and Ethereum, he notes that their Bollinger Bands are not as tight, reinforcing his belief in Ripple’s potential breakout.

Analyst: XRP to $250 Feasible

To further support his $250 prediction, Mattsby employs the Gann theory. He highlights the 45° angle, which has historically acted as support and resistance for XRP. He anticipates that the token’s price will follow this angle, testing it as support before surging towards the resistance level, aligning with the $250 target by 2028. Despite skepticism, Mattsby sees this target as feasible.

Additionally, he draws a Fibonacci sequence from XRP’s 2013 high to the 2014 low, identifying key levels that it could reach. The 3.618 extension level aligns closely with his $250 target, a level achieved by assets like Bitcoin and Tesla.

In a recent post, Mattsby shared a detailed chart further supporting his $250 prediction as XRP recovers. He highlights a specific green angle, which has historically been a critical support and resistance level for the token. The chart projects a potential future price path, showing XRP rising significantly over the next few years.

The chart features a blue box indicating a 58,820.37% rise to reach $250. This corresponds with Mattsby's video analysis, where he discussed XRP’s history of massive gains following tight Bollinger Bands. He believes market symmetry and historical patterns support XRP's potential to reach such high levels. Currently, XRP trades at $0.5345, up 24% over the past week.

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