XRP to $20? Darling, Don’t Be Absurd… Or Do Be?

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A Few Pertinent Observations:

  • XRP, that rather energetic digital bauble, has apparently reached a giddy $3.66. But don’t pop the champagne just yet, old dears. There’s always room for a bit more upward momentum, wouldn’t you agree? 🙄

  • Apparently, several charts are hinting at a “potentially explosive” movement. $7 to $20, they say? One begins to suspect these analysts spend far too much time staring at lines. Still, amusing, isn’t it?

XRP (XRP), as I understand it, has been enjoying a bit of a frolic in the markets, climbing to a new high on Friday. Nearly 90% since April, you say? Rather impressive, if one is easily impressed.

However, and there’s always a ‘however’, some rather clever people with charts tell us that XRP hasn’t quite entered its “parabolic phase”. One wonders what precisely constitutes a parabolic phase. Presumably, a great deal of fuss and bother.

XRP Dominance “Signalling a Mega Bullish Wave” – Honestly!

A chap named Dom, a crypto analyst of some repute, informs us that whilst XRP has achieved these heights, certain charts remain…underwhelmed. Rather like a dowager duchess at a jazz concert.

Apparently, market share – or XRP dominance (XRP.D) – is hovering around a weekly resistance level of 5.50%. This, we’re told, has been holding it back for over 2,200 days. One does begin to wonder if it’s simply stubborn.

“Anytime $XRP.D broke the current resistance in the past, we saw a 2x shortly after,” Dom proclaims. And if history repeats itself? “$7-$10, depending on how much the rest of the market is playing along.” The market, such a fickle beast.

Another enthusiast, Egrag Crypto, assures us this all “signals a mega bullish wave!” How delightfully dramatic. The metric has escaped a ‘bull pennant’ (one pictures charging matadors) and is projecting dominance between 21% and 275%. Good heavens!

And the Visible Range Volume Profile (VRVP) apparently reveals a ‘significant void’ above 5.75%. A void, you say? Sounds terribly unsettling.

“This means that any closure above 5.75%, which aligns with the Fib levels of 0.5 and 0.618 (8.59%), could trigger the Kaboom phase for #XRP Dominance!”

XRP/BTC – A Hint of “Explosive” Merriment

XRP also appears to be putting on a show when compared to Bitcoin (BTC). XRP/BTC’s “strong technical setup” suggests the best is yet to come. A key resistance zone, apparently, has been suppressing it since 2019. Honestly, one wonders if it’s considered asking for help.

Break through that, and a “massive move upward” is predicted. Rather like a debutante at her first ball.

This zone, we are informed, is the convergence of various important lines and averages. It has also “rejected XRP over 8 times.” One feels rather sorry for it, actually.

“Similar to the $XRP.D chart, anytime this has been reclaimed in the past, an explosive move occurred shortly after.”

And the MACD indicator is apparently poised for a “bullish cross”. More excitement! A bullish cross in the past resulted in gains of 514% and 400%. One does hate to sound cynical, but one suspects these numbers are rather…optimistic. 😉

XRP Price Chart – $20, You Say?

The monthly chart shows a ‘bull pennant’ pattern, with resistance at $3.84. A ‘bull pennant’, naturally. One assumes it involves a bull and a feather. A monthly close above $2.55 could lead to a 417% increase to $18. Utterly preposterous, and yet…

A trader named XRPunkie declares: “Target of $20+- $XRP is a given. It shall happen by the end of this cycle.” A ‘given’, is it? How very decisive! One hopes he’s right. It would be a terribly amusing outcome. 🥂

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2025-07-19 18:12