His analysis, supported by clear historical patterns and strengthening fundamentals, is igniting fresh optimism across the market.
Levi’s assessment centers on XRP’s current technical posture. The token is presently oversold, a condition that often precedes a sharp upward reversal. At the same time, he notes the emergence of positive momentum, suggesting that XRP may be poised to transition from consolidation into a full-scale rally.
https://twitter.com/LeviRietveld/status/1952791882611700004?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank
To support this outlook, Levi draws a comparison to XRP’s behavior on June 23, when the asset was similarly oversold. In the weeks that followed, XRP surged from $1.90 to $3.66, nearly doubling in price.
That rally saw a swift transition from a market low to an overbought condition in under a month. The resemblance between these past and present setups is fueling speculation that XRP may be about to repeat that explosive performance.
In addition to the bullish technical signals, the potential introduction of XRP exchange-traded funds (ETFs) adds another powerful catalyst. Levi highlights the growing anticipation surrounding ETF approvals, which could bring a wave of institutional capital into XRP, much like the impact Bitcoin and Ethereum ETFs have had on their respective markets.
The improved regulatory clarity following potential resolution of Ripple’s legal battle against the U.S. SEC has made XRP far more appealing to institutional investors. ETFs would provide regulated and convenient exposure to XRP, removing barriers that previously kept large players on the sidelines. If approved, these products could help sustain price appreciation and provide greater liquidity across the board.
https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank
Market conditions continue to support Levi’s outlook. As of report time, XRP is trading around $2.97. Volume is increasing, volatility is returning, and open interest in derivatives markets suggests growing speculative interest. These factors, combined with the oversold readings and rising momentum, indicate that XRP may be entering a breakout phase.
Levi’s bold call for a major move within two days has captured attention throughout the crypto space. Many analysts and traders are closely monitoring price action, looking for confirmation that XRP is indeed repeating its previous pattern of rapid gains following a technical bottom.
As the countdown begins, the market is bracing for a potential turning point. If XRP follows the path outlined by Levi of Crypto Crusaders, the token could soon challenge its all-time high of $3.84—and potentially move beyond it for the first time in history.
Whether the breakout unfolds in the exact timeframe predicted or not, the conditions are undeniably aligning. With strong technical signals, rising institutional interest, and bullish sentiment, XRP may be on the verge of a defining moment in its price history.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent BitcoinLinux’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. BitcoinLinux is not responsible for any financial losses.
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The post Analyst Predicts Timeline for XRP New All-Time High appeared first on BitcoinLinux.
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