XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’
02 Aprile 2024 - 7:23AM
NEWSBTC
In the ever-evolving world of cryptocurrency investments, technical
analysis continues to play a significant role in shaping investor
sentiment and market trends. Amidst the volatile landscape, one
analyst, known as Charting Guy, has garnered attention for his bold
predictions regarding the future of two prominent digital assets:
XRP and Stellar (XLM). Will XRP Rally “Melt” Faces? Charting Guy’s
recent tweet has made waves, declaring that investors in XRP and
XLM will soon witness “melting faces” as he identifies a potential
$13 movement. This provocative statement underscores his confidence
in the impending bullish surge he foresees for these
cryptocurrencies. Related Reading: Get Ready For A Bitcoin Cash
Revolution: Analyst Forecasts Historic Breakout His analysis
suggests a bullish trajectory for both XRP and XLM, despite
prevailing market skepticism and prolonged periods of
consolidation. While some market participants have labeled these
assets as “dead coins” due to their lackluster performance in
recent years, Charting Guy remains undeterred by sentiment-driven
narratives, instead focusing on technical indicators and chart
patterns. $XRP & $XLM will melt faces very soon. 2 coins that
have traded sideways or as some say, “done nothing” for 6 years..
most people write them off as dead coins. but, as a technical
analyst, i don’t care too much about narratives or sentiment. the
charts tells the story. 🧵 — Charting Guy (@ChartingGuy) March 27,
2024 Potential Breakout In The Offing? According to the analyst’s
examination, XRP and XLM have exhibited symmetrical triangle
patterns, signaling potential breakout opportunities. These
patterns, which have been forming over the course of six years, are
among the largest formations Charting Guy has encountered,
indicating significant potential for price movement. His
projections indicate a breakout target for XRP within the range of
$10 to $13, implying a substantial gain of up to 2,000%. Similarly,
Charting Guy believes that XLM could follow a similar trajectory,
reaching a target of $13. XRP and XLM have displayed symmetrical
triangle patterns, according to Charting Guy's analysis. Optimistic
Long-Term Prospects For XRP And XLM While these short-term targets
are ambitious, Charting Guy’s outlook extends beyond the current
market cycle. He suggests the possibility of XRP reaching $38 in
the future, although he acknowledges that this may not materialize
within the next few years. Related Reading: Shiba Inu (SHIB) Slumps
As Whale Sell-Off Dampens Momentum – Details Nonetheless, he
remains optimistic about the long-term prospects of both XRP and
XLM, foreseeing a three-digit value for both assets within the next
decade. XRP market cap currently at $32.7 billion. Chart:
TradingView.com His bullish outlook is not solely based on
technical analysis but also takes into account the potential role
of XRP and XLM in the emerging financial landscape. With the
increasing adoption of central bank digital currencies (CBDCs) and
the potential for disruption in traditional financial systems,
Charting Guy believes that XRP and XLM are well-positioned to play
a significant role in the future of finance. Featured image from
Andrea Piacquadio/Pexels, chart from TradingView
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