XRP, signs of repeating a 500% rally..."$1.5 will decide its fate"

▲ XRP/ChatGPT generated image

XRP is replicating patterns that triggered strong bull runs in the past, raising the possibility of a massive upward rally.

According to NewsBTC on May 4 (local time), an anonymous crypto analyst stated that XRP's current structure is a 'large-scale rally preparation zone,' similar to the period just before past surges.

The report indicates that XRP has recently shown a breakout trend in its chart against Bitcoin, a pattern that has historically served as a precursor to strong bull markets. Notably, in previous cycles, prices rose by over 500% after similar breakouts.

The same structure is forming again, and the current breakout occurred in a 'larger rally preparation zone' than before, suggesting that the magnitude of the rise could be even greater. The analyst projected a three-digit percentage increase, potentially up to approximately 635%, if this trend continues.

However, in the short term, the resistance level around $1.50 has been identified as a critical watershed. A strong breakthrough of this level is necessary for a full-fledged upward rally, and a failure to break through could lead to a short-term correction.

Overall, XRP is forming a technical structure similar to periods just before major bull runs in the past, and it is analyzed to have entered a critical inflection point where the entry into a large-scale bull market will be determined by whether it breaks through key resistance levels.

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