• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Market & Analysis

Pundit Sounds Major Crash Alarm For XRP Price As ’12-Year Cycle’ Comes To An End

n70products by n70products
February 14, 2025
in Market & Analysis
0
Pundit Sounds Major Crash Alarm For XRP Price As ’12-Year Cycle’ Comes To An End
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

XRP has been forming a red bearish candle because the starting of February, which is a results of a value crash that came about at the beginning of the month. Though THE ALTCOIN has since recovered barely, it has but to return to its January open. Nonetheless, nearly all of crypto traders stay bullish on the long-term prospects for XRP, with analysts doubling down on optimistic value targets starting from $2 to $5.

Nonetheless, a crypto analyst on the TradingView platform has offered a compelling bearish case for XRP, warning that the asset is nearing the tip of a vital 12-year cycle, which may set off a extreme correction all the way down to $0.1.

XRP’s 12-Yr Cycle Nears Completion. Main Correction Forward?

According to the analyst, XRP has virtually accomplished a 12-year cycle, and the conclusion of this part goes to be a really intense correction of the XRP value. Whereas acknowledging that XRP may nonetheless attain a barely larger excessive earlier than the complete decline begins, the analyst believes that the chance of serious additional upside is low and warns {that a} continued correction would possibly happen over the approaching months.

Associated Studying

The warning is centered round technical indicators and technical patterns, significantly a long-term triangle sample. This long-term triangle sample persevered for 5 years between XRP’s all-time excessive of $3.40 in 2018 up till 2024, earlier than breaking out right into a remaining fifth wave. This remaining fifth wave has allegedly peaked at $3.40 in January 2025, and the following transfer from right here is an prolonged transfer downwards.

XRP
12-year cycle for XRP inches nearer to its finish | Supply: Skyrexio on Tradingview

The evaluation additionally references the Bullish/Bearish Reversal Bar Indicator by Skyrexio, which confirmed the conclusion of the 12-year cycle. Now, the proposed goal for the correction is about round $0.1, based mostly on the 0.5 Fibonacci retracement degree.

Contrasting Prediction As Majority Stay Bullish On The Altcoin’s Future

On the time of writing, XRP is buying and selling at $2.43, that means {that a} correction to $0.1 would characterize a 95% decline from its present degree. Such a drop wouldn’t solely erase practically all of XRP’s beneficial properties since 2017 however would additionally mark one of the devastating collapses in its historical past. Curiously, this projected loss in XRP market cap could be even larger than the one witnessed in the course of the years it was suppressed by the load of the SEC lawsuit in opposition to its parent company Ripple. 

Associated Studying

This bearish prediction contrasts the overwhelmingly bullish sentiment at present surrounding XRP. Many analysts and traders anticipate prolonged value progress in anticipation of institutional adoption and regulatory readability beneath the brand new Trump administration. One analyst even lately predicted that the XRP value is about to make an all-time high run to $5. One other analyst, Javon Marks, noted that XRP is properly on monitor to achieve over $100 within the coming years.

XRP
XRP buying and selling at $2.4 on the 1D chart | Supply: XRPUSDT on Tradingview.com

Featured picture from Medium, chart from Tradingview.com



Source link

Tags: 12YearAlarmCrashCycleMajorPricePunditSoundsXRP
Previous Post

Ethereum’s Price Recovery Of The $4,000 Mark Hinges On This Crucial Support Level

Next Post

Bitcoin’s Breakout? Expert Predicts Gold’s Biggest Disaster

Next Post
Bitcoin’s Breakout? Expert Predicts Gold’s Biggest Disaster

Bitcoin’s Breakout? Expert Predicts Gold’s Biggest Disaster

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Top Analyst’s Bold Prediction: XRP Set To Skyrocket 1,500%

March 24, 2024
Ethereum Foundation’s Management and Board Structure

Ethereum Foundation’s Management and Board Structure

April 29, 2025
Bitcoin Price At $321,000 This Cycle? Analyst Says It’s The ‘Math’

Bitcoin Price At $321,000 This Cycle? Analyst Says It’s The ‘Math’

January 25, 2025

Recents

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

May 31, 2025
Newer BTC Treasury firms untested in bear market: Max Keiser

Newer BTC Treasury firms untested in bear market: Max Keiser

May 31, 2025
Bitcoin: Bank of England ‘on the brink’ on buying BTC, Michael Saylor claims

Bitcoin: Bank of England ‘on the brink’ on buying BTC, Michael Saylor claims

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version