 
 
Ripple’s XRP is poised for a surge to unprecedented levels, according to a prominent market analyst whose predictions are extremely bullish. The altcoin’s all-time high of $3.84 has yet to be toppled, although XRP bulls are steadfast. The analyst asserts that $5 is an attainable price point in the near term.
“Not everyone is paying attention to XRP Dominance, but I truly believe it’s signaling a MEGA BULLISH WAVE!” He remarked as he went on to list a handful of bullish indicators that had been spotted in recent times.
The analyst first noted that a bullish pennant breakout has been observed on the Bitcoin chart, and the measured move is extremely bullish. He projects that the surge could go from 21% to 275%.
Notably, the bullish pennant breakout is a price movement that occurs when an asset’s price breaks above the upper trendline of the pennant pattern, signaling a potential extension of the previous uptrend.
Similarly, the Visible Range volume profile—a technical analysis indicator that displays the distribution of trading volume at different price levels within the visible range of a technical chart—is signaling massive bullish potential.
 
As the analyst wrote;
“The Visible Range Volume Profile (VRVP) reveals a significant void above 5.75%. This means that any closure above 5.75%, which aligns with the Fib levels of 0.5 and 0.618 (8.59%), could trigger the Kaboom phase for XRP Dominance!”
The analyst concluded that a Kaboom phase, a period when a significant price increase is likely to occur, could be witnessed soon. Once it kicks off, the market could record the most bullish XRP romance chart yet, the analyst added.
At report time, XRP bulls are up and active, with hourly price gains reaching 1.66%, and the asset is valued at $3.19.
Source: https://zycrypto.com/ripples-xrp-5-kaboom-phase-predicted-as-technical-indicators-signal-surprising-wave/