Rare but accurate indicator shows XRP could surge to $3

A rare but reliable monthly chart indicator shows that XRP could be heading towards a $2.4 to $3 price range.
Market analyst Mikybull revealed this in a recent analysis of XRP’s trend. He presented a monthly chart that revealed an observable pattern that XRP has followed since 2014, culminating in a historic rally in 2017 that led to an all-time high price.
The chart further shows a reliable indicator that has accurately predicted XRP’s price action for nearly a decade. Notably, market data suggests that this indicator (essentially a moving average) has flashed green for months whenever XRP is about to record significant price growth.
Historical data
The indicator first flashed green from August 2015 to February 2017, during which time XRP fell to a low of $0.0050. Interestingly, following these green light signals, XRP recorded a significant rally, surging 66,100% from a low of $0.005 in February 2017 to an all-time high price of $3.31 in January 2018.
After reaching a high of $3.31, XRP experienced a sharp correction. During this pullback, the moving average once again flashed green from August 2019 to October 2020, during which XRP fell to a low of $0.2286. After the signal flashed, XRP surged again, reaching $1.96 in April 2021.
XRP is now witnessing a green light signal after crashing from $1.96. The signals began flashing in May 2022 and continued until recently. As the signal fades, Mikybull anticipates a subsequent price increase.
The analyst noted that XRP could see an upcoming rally in the $2.4 to $3 price range. However, according to him, this represents only a conservative goal. Especially as the bull market matures, prices could go even higher, he stressed.
XRP Price Targets Unattainable
Earlier this month, as XRP struggled to recoup April’s losses, Mikybull claimed that last month’s low of $0.4235 marked a bottom. Aside from Mikybull, several market observers expect XRP to breakout soon and have given multiple price predictions.
For example, cryptocurrency analyst EGRAG recently mentioned a “launch channel” that could push XRP to $6.4. This week, Matthew Dixon, CEO of cryptocurrency ratings platform Evai, set a target of $0.62 as the XRP “sleeping giant” awakens. Interestingly, analyst Bobby A said XRP could actually hit $13.
XRP is currently trading at $0.5181, up 3.66% in the past 24 hours. It looks set to capitalize on the return of whale funds to deliver an impressive price rally to reach unattainable price targets.
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