The Worst Case For XRP This Cycle? Just A Giga Rally To $19, Says Analyst 📈
XRP’s weekly structure appears highly compressed, as illustrated by independent analyst Maelius. He uses a 50-period exponential moving average (EMA) tracking at about $1.78, indicating current positions just above a dynamic support zone of $2.25.
He identifies a "giga bull flag" formation, defined by progressively lower weekly highs and higher swing-lows, which recalls XRP’s 2017 advance where the token soared from less than a dollar to above $3.00 in weeks.
The pattern, if resolved, could break through the $4 level and target $19. Momentum indicators like the Relative Strength Index (RSI) bolster this comparison, hinting at another momentum surge.
Key levels to watch include the upper flag boundary near $2.50 and the $1.80 EMA-anchored support. A close above $2.50 would affirm the bullish scenario, potentially leading to further gains.
Maelius emphasizes a risk-aware outlook: even in a "worst-case" scenario, one final impulse wave remains. Traders should seek confirmation through volume and market sentiment before considering this projection a certainty.
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