XRP Approaches Key Breakout Levels with Hidden Bullish Signals, Analyst Predicts

• XRP nears a 6.5- to 7-year resistance, with a potential 500% price surge, according to crypto analyst JavonTM1.
• Symmetrical triangle patterns indicate XRP may resemble its 2013-2017 breakout, with projections of a 229,417% price surge.
• XRP shows long-term bullish momentum after testing support, but faces resistance between $0.59 and $0.63.

According to crypto analyst JavonTM1 on X, XRP is approaching breakout levels, testing a massive 6.5- to 7-year resistance trend. This move comes after multiple hidden bullish divergences, suggesting the possibility of a substantial price surge. JavonTM1 highlights a potential 500% climb, predicting XRP could reach $3.313 if the breakout holds. This would also break the long-standing resistance trend.

Symmetrical Triangle Pattern Points to Major Move

A symmetrical triangle pattern formed between 2017 and 2024 shows XRP consolidating within a tight price range. Historically, these patterns suggest consolidation followed by significant price action. The current setup shows the potential for an upward breakout, similar to the price movement XRP experienced in 2013-2017. 

During that period, a smaller triangle led to a bullish breakout, resulting in a 3,142% price increase. This historical pattern suggests XRP could replicate this performance, with some projections indicating a 229,417% price surge if the current triangle resolves similarly.

XRP Price Recovering After Support Test

XRP’s price trend from March to mid-September 2024 indicates both bullish and bearish moments. In early 2024, XRP experienced a downtrend, falling from $0.582 to below $0.45 by April. However, a golden cross in July, where the 50-period moving average crossed above the 200-period moving average, shifted momentum to a bullish outlook. By mid-September, XRP had recovered to $0.59 after testing support levels around $0.52.

Moving Averages and Resistance Levels in Focus

Notably, the recent price recovery reflects a long-term bullish sentiment, with XRP holding above the 200-period moving average. Resistance levels around $0.63, which XRP previously tested in July, remain key to watch. 

However, without strong buying volume, XRP may continue to face resistance between $0.59 and $0.63. Traders are also monitoring potential support retests at $0.52, should the price struggle to break higher.