- Analyst highlights XRP’s potential for a 700% increase through strategic market analysis and confirmed accumulation zones.
- The accumulation zone for XRP is set between $1.90 and $2.40, marking ultra- and hyper-bullish thresholds.
Renowned crypto analyst Alan Santana has published a full analysis of XRP on TradingView, providing unique insights into the token’s market behavior and future possibilities.
Unlike Solana’s accumulation-based approach, Santana’s XRP method emphasizes waiting for confirmation signals prior to long position entry. The unique variations in the charts of these two cryptocurrencies lead to this discrepancy.
XRP Accumulation Zone and Market Timing Challenges
Since perfect timing of market moves is quite difficult, Santana underlined that the retrace, correction, or consolidation period for XRP might go indefinitely.
Although support and resistance levels are rather clear-cut, he pointed out that the timing of market changes depends on volatile factors including actions taken by important players in the market, new developments, or unanticipated news occurrences.
Santana currently finds the XRP accumulation zone falling inside the trading range of $1.90 to $2.40. He notes $1.90 as the ultra-bullish threshold—a level that denotes the December 10 low—and emphasizes that a rise above $2.36 would indicate a hyper-bullish phase, hence maybe setting off the next significant market wave.
Though precise timing is not clear-cut, Santana is hopeful about XRP’s future and implies a 700% price rise is likely.
Meanwhile, XRP is trading at about $2.13 at the time of writing, a 5.22% rise over the last 24 hours. This spike underlines its increasing relevance in the crypto market since it has boosted its market cap above the $122 billion mark.
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Besides that, a major participant in blockchain projects, SBI Holdings, has been thinking about starting a buyback program for XRP, as we previously reported. Supported by the GAM Global Special Situations Fund, the idea implies that such a program might increase shareholder value and blockchain investments.
This technique reflects the one MicroStrategy used in the United States, where market visibility and shareholder returns have been much improved by big Bitcoin investments.
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