XRP, 'Bullish' Signal Appears Only 4 Times..."Up to $31 Possible"

▲ XRP/ChatGPT generated image

XRP has signaled the beginning of an unprecedented surge rally by catching a rare bullish signal that has appeared only four times in its 13-year history.

According to the cryptocurrency specialized media The Crypto Basic on April 28 (local time), a bullish reversal signal has reappeared on the XRP chart. This signal has only occurred three times in the past 13 years: in 2014, 2017, and 2021. Each time the signal lit up, the price soared to record highs. Therefore, expectations are growing that an explosive surge similar to the past will be reproduced this time.

Cryptocurrency analyst EGRAG CRYPTO noted this signal. The SuperTrend indicator on the monthly chart has turned from red to green. This is strong evidence that accumulation by major players has ended. The long-term downward trend has practically concluded. The dominant analysis is that only a vertical rise remains.

According to the analysis results, the first target price is $15. If the upward momentum strengthens, it could ultimately rise to $31. Combining this with Elliott Wave theory makes the long-term upward trend even clearer. The Relative Strength Index and Moving Average Convergence Divergence also point to strength. Favorable indicators in higher time frames increase the reliability of the ascent.

Ripple recently concluded its legal dispute with the Securities and Exchange Commission (SEC), securing regulatory clarity. As the institutional environment becomes favorable, institutional investors are also showing interest. Coupled with the Bitcoin (BTC) bull market, market liquidity is flowing into XRP. Large whales have already secured a significant amount of tokens at lower price levels.

Investors are closely watching this fourth opportunity in 13 years. Historical data suggests that this rally has the potential to break previous records. With regulatory stability and technical superiority combined, a price explosion is only a matter of time. The market is ready for the dawn of a new bull market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*