The XRP community is buzzing with renewed optimism as prominent crypto analysts present compelling technical cases for a potential parabolic rally—one that could push the asset above the $20 mark.
Crypto trader Amonyx sparked widespread attention by declaring, “There is nothing stopping $XRP reaching $20+ now,” citing a chart that suggests XRP has broken out of a long-term consolidation phase.
The chart, seemingly based on Elliott Wave Theory, shows XRP entering the fifth wave of a macro bull cycle, supported by historical patterns and Fibonacci projections.
His forecast points toward an upside target as high as $27.
Echoing this bullish sentiment, EGRAG CRYPTO shared a complementary chart analysis that emphasized key bullish candle patterns—including a “Hammer” formation—paired with a strong close above the 9-month EMA (Exponential Moving Average).
The visual suggests XRP has flipped previous resistance zones into support and may be preparing for a significant breakout. “#XRP – What do you see?! I see it clearly,” he wrote, calling on the #XRPFamily to recognize the opportunity.
Together, both posts highlight a growing technical consensus among traders that XRP could be on the brink of a major price movement. The excitement is underpinned by long-term consolidation, bullish breakouts, and favorable chart structures—all reinforcing the idea that XRP’s moment may finally be here.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-bullish-sentiment-builds-as-analysts-predict-explosive-surge-toward-20/