The most likely outcome is that XRP will hit resistance, either in terms of price ($0.66) or in terms of time (first week of August) or both.
According to our XRP price prediction, published a few months ago and updated a few days ago, XRP has another 10 to 12 days until it hits resistance on its timeline.
Simultaneously, XRP is now bumping into long term resistance on its price axis.
When combining both insights, we conclude that XRP has an epic opportunity to stage a massive bull run until the first week of August. However, in order to do so, it must clear $0.66 which might be challenging.
XRP in August 2024
There is a symmetric setup on XRP’s timeline. It’s a W structure.
It completes in the first week of August 2024.
The picture below says it all.
Note – we always add 3 days to any date we find, so while the chart mentions July 30th we should add 3 days to end up on August 2nd or 3d, 2024.
XRP beyond August 2024
XRP may not resolve higher by the first week of August 2024 in which case it is not reacting to the symmetric timeline setup of its W-reversal (grey box).
XRP has a 2nd probability to confirm a long term bottom (deadline: yellow line). That’s when the long term triangle resolves.
The chart below, with our annotations, says it all.
Note – on July 25th, 2024, in the last 7 days of the bullish XRP time window, the SEC might release a viewpoint on the Ripple/SEC case (source).
In a way, we agree with this potential outcome on #XRP:
— JackTheRippler ©️ (@RippleXrpie) July 20, 2024
XRP in 2024
We believe that 2024 will be a breakthrough year for XRP.
While this might not result in an immediate ‘pump’, sort of a runaway state, we believe that 2024 will be a transformative year in which a solid long term foundation will be confirmed.
So, yes, we agree with this viewpoint:
FYI (this year):
– $XRP has true regulatory clarity. When $ETH bribed a regulator for this it went from $7 to $1500 in less than a year.
– The XRP ledger is getting a US backed stable-coin ($RLUSD). When this happens in the space normally the network…
— JayGrissom.ICP (@jfgrissom) July 12, 2024
While we are not into foundational analysis, as this is not a direct price influencer but an indirect influencer with a low degree of predictability, we continue to believe that XRP has a lot of potential in terms of utility.
We believe that XRP will resolve much higher over time, either by the first week of August 2024 or starting early 2025.
Follow our premium crypto research notes in which we closely follow up on XRP (we served the bullish July 2024 time window prediction back in May to our premium crypto followers).
