Top Analyst Reveals New XRP Profit Levels at $6.15 and $26.6 After Hitting 4 Targets
A market analyst confirms that XRP has claimed four of its previous price targets amid the recent uptrend, identifying levels to start taking profits.XRP has been riding an impressive bullish wave following the Donald Trump election victory in early November. The token rallied by over 283% by the end of that month and maintained the upward push. The rally has continued into December, with XRP gaining an additional 24% despite a minor correction that saw its value dip from a $2.9 high to $2.42. Meanwhile, market analysts like Cryptobilbuwoo believe the rally is not yet over, anticipating further upside. XRP Parabolic CurveIn his recent analysis, Cryptobilbuwoo highlighted a parabolic curve pattern that appears to be guiding XRPs recent price action. Interestingly, the analysis indicates that, as XRP soared from Nov. 5, it already achieved four major targets previously set by the analyst.https://twitter.com/Cryptobilbuwoo0/status/1863829790765297668These targets include $0.64, which XRP breached on Nov. 12, and $0.915, which gave way on Nov. 16. Notably, XRP successfully claimed the $1.13 target on Nov. 17, and further went on to reach the $1.612 target on Nov. 23. Cryptobilbuwoo anticipates further upward momentum, identifying $3.3 as the next target. Beyond this, he has presented two targets of $6.15 and $26.6 with even more ambitious targets stretching as high as $589. According to him, $6.15 and $26.6 are the two profit-taking targets.Data from his chart shows that the parabolic structure suggests a continuation of the upward trend, indicating strong buy-side momentum. However, XRP must maintain the $2 price level to sustain the bullish push.Indicators Suggest Rally Remains IntactMeanwhile, Levi, another prominent analyst, presented a comparison between XRP and Teslas stock. He noted that Tesla traded sideways for seven years before skyrocketing after resolving an SEC lawsuit. Levi argued that XRP exhibits a similar trajectory, having been suppressed for seven years due to its ongoing regulatory challenges with the SEC. Several other industry pundits also hold this sentiment.
Text source: The Crypto Basic
