The symmetrical triangle pattern that previously resulted in a 30,000% surge in the price of XRP has made a reappearance. Symmetrical Triangle That Led To 30,000% XRP Price Surge Has Returned

Recently, cryptocurrency expert Jaydee pointed out a significant trend on the price chart for XRP as it approached the end of the month. The analyst suggested that the formation of a symmetrical triangle pattern indicates an impending sharp rise for the XRP cryptocurrency, similar to previous occurrences of this pattern which led to bullish momentum. Jaydee pointed out on an X (formerly known as Twitter) update that an XRP price chart showed the formation of a symmetrical triangle pattern. He mentioned that when this particular chart formation last appeared, the MACD indicator went over the zero mark, precipitating a steep rise in the value of XRP. He pointed to the 2017 event, during which the cryptocurrency experienced a surge in price up to 600 times its value. With these developments in mind, the cryptocurrency expert expressed a positive outlook, proclaiming that 2024 would be a significant year. Additionally, there has been a turnaround for spot Bitcoin ETFs, with Fidelity helping to stabilize the situation as investments start to increase again. Based on the chart Jaydee presented, it was apparent he anticipated the MACD (Moving Average Convergence Divergence) would surpass the zero mark in the near future. Should this occur, a significant surge similar to the one in 2017 is predicted to ensue. Jaydee didn’t specify a particular price or the extent of the potential increase XRP may experience with the anticipated upward trend. Crypto expert Egrag Crypto remains active in offering perspectives on the potential surge of XRP value if its past price trends are echoed. Egrag has previously mentioned that a peak of $27 for XRP is a reasonable expectation under such circumstances. In his latest forecast, he hinted at the 2017 figures and indicated that there remains a possibility for XRP to achieve a $90 value. Additionally, he anticipates that XRP will close the month at a value higher than $0.5.