Expert Predicts Timeline for XRP to Finally Trigger a “Vertical Giga Send Out of the Blue”

An Ichimoku Cloud analysis of XRP price has led to the identification of a potential rally window, should the sideways movements persist. 

Analyst Dr. Pastet, who employs the Ichimoku Cloud frequently in his reviews, pointed out a period around late December 2024 through early January 2025, where XRP may experience a major price movement if current conditions hold. 

The chart presented important Ichimoku Cloud elements, which include the Kumo cloud, Tenkan-Sen, Kijun-Sen, and Chikou Span (CS). Specifically, Dr. Pastet focused on the Chikou Span tracing as crucial in the XRP’s current price structure.

The Chikou Span and the Kumo Break

According to the analyst, XRP’s price has been consolidating in a choppy manner within a range, with several wicks on the weekly chart indicating indecision in the market. 

Notably, throughout this year, XRP has mainly traded between $0.46 and $0.65, with a few surges above $0.70 and some declines toward $0.40. Amid the ongoing market price action, the analyst called attention to the persistent Chikou Span (CS) tracing.

Dr. Pastet noted that if the Chikou Span continues to follow the current trajectory, XRP might begin a major rally as early as late December 2024, with early January 2025 also being a key time frame to watch. He predicts a “vertical giga send” that could begin “out of the blue.”

The Chikou Span tracing shows past price action, and when it syncs with major support levels and interacts with the Kumo cloud, it can signal potential bullish or bearish breakouts. In this case, Dr. Pastet expects a bullish move. 

He further stressed that the Kumo cloud, which represents support and resistance levels, becomes thin around the first week of January 2025. A thin Kumo indicates that the market is more susceptible to breakouts, as the cloud offers less resistance than during thicker periods. 

Confluence in XRP Ichimoku Signals

Dr. Pastet pointed out that there is a confluence between the Chikou Span tracing and the thinning Kumo cloud. This combination increases the probability of XRP breaking upward if the price can maintain its current levels for the next couple of months. 

If XRP can continue to consolidate around its current range into the week starting on Dec. 30, 2024, and the cloud remains thin, the market might witness a sharp upward movement. However, the analyst also warns that this scenario only plays out if XRP continues its choppy price action.

Although a rally could occur sooner, based on the unpredictable nature of the market, the time frame around the first week of January 2025 is where this particular setup has the highest likelihood of materializing.

XRP Short-Term Outlook

Meanwhile, another market analyst, TraderSZ, recently complemented Dr. Pastet’s bullish analysis with a short-term outlook. 

He recently shared a daily chart confirming that XRP trades within a tighter range, with important levels such as $0.6086 acting as mid-range resistance and $0.4870 marking strong support.

Longed some $XRP pic.twitter.com/D5tB9Vxrdm

— TraderSZ (@trader1sz) October 20, 2024

The chart predicts a possible bullish move with XRP hovering near the $0.5480 level, where TraderSZ has initiated a long position.

If XRP breaks above the mid-range at $0.6086, the next major resistance area would be around $0.6889, followed by a possible target near the 2022 high of $0.9260. However, if XRP loses support at $0.5283, it could head towards the lower support zones near $0.4870.