Altcoins News
By James Thorp
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Historical Triangle Breakout. Severino's analysis relies heavily on historical price patterns.
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Elliott Wave Structure Suggests Further Growth. Adding to his technical argument, Severino outlines an Elliott Wave pattern that XRP has…
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Comparing to 2017–2018 Cycle. Severino’s prediction also draws parallels with XRP’s 2017 bull run.
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Price Targets and Technical Projections. From a technical standpoint, reaching $13 would represent a 1,900% gain from the breakout point of…
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Correction May Follow Peak. Despite the bullish outlook, Severino doesn’t rule out a future correction.
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Conclusion. While no price prediction is guaranteed, Severino’s analysis presents a compelling case for XRP’s…
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XRP could be on the verge of a major breakout, according to Tony “The Bull” Severino, a well-known Chartered Market Technician.
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This bold forecast comes as XRP gains momentum, following a successful push past the $3 resistance mark for the first time in four months.
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Severino's analysis relies heavily on historical price patterns. He identifies a massive symmetrical triangle that began forming in early 2018 after XRP dropped from its all-time…
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A major breakout finally occurred when XRP crossed the $1 and $2 price thresholds in late 2024, breaking through the upper boundary of the long-standing triangle.
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That smaller triangle lasted for six months, culminating in another breakout that pushed XRP to a new yearly high of $3.60.
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Elliott Wave theory suggests that markets move in five-wave cycles during bullish trends. In Severino’s view, XRP is now entering the final and most powerful wave in this sequence.
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Severino’s prediction also draws parallels with XRP’s 2017 bull run. In that cycle, XRP broke out from $0.39 in mid-2017, paused in a consolidation phase, and then exploded to $3.
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The timeframes are also similar. After breaking past its resistance in the current cycle, XRP could reach its peak in a similar 42-day period, matching the length of the…
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In the near term, XRP needs to hold above key levels around $3.20 to maintain upward momentum.
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