Analyst predicts XRP could double shortly, here's the indicator.

crypthub

about 7 hours ago

Bullish Outlook & Key Resistance

Crypto analyst RWA_Investor predicts a major upside for XRP if it breaks the $1.50‑$1.60 neckline resistance. He claims that a breach could double the price and trigger a broad short‑squeeze. The forecast hinges on a decisive upward move above this range.

Technical Foundations

The analyst points to a falling‑wedge pattern and a 61.8% Fibonacci retracement around $1.28 as bullish signals. He expects XRP to complete its corrective phase before aiming at higher targets such as $1.91, $2.40 and up to $3.13. The chart suggests the wedge and Fibonacci levels are currently being respected.

Short‑Squeeze Potential & Market Reaction

RWA_Investor warns that a confirmed breakout could force short sellers to cover, adding extra price momentum. Traders like Larktrades echo the importance of the $1.50‑$1.60 resistance, while others stress waiting for actual market confirmation. Until the neckline is cleared, the bullish scenario remains conditional.