Technical analysis by Sikbh about Symbol XRP: Buy recommendation (3/4/2024)

The first chart shows XRPUSD from May 2017 to Dec 2017. The second chart shows XRPUSD from early 2021 to current. Both charts start off with a "U" shaped dip and rise, followed by a slow decline to the support level of the "U" (shown by a white sine wave). The yellow curve on both charts shows price dropping below this bottom to a new low. Purple line marks higher highs with 2 notable jumps, shown in orange. At the end of the first chart, XRPUSD breaks out and goes from about $0.20 to $3.30, an increase of 1500%. If the second chart also follows the same break out from current bottom of higher high trend line, which is $0.50, a 1500% increase puts the target price at $7.70. Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution