The cryptocurrency world has its eyes firmly set on XRP, as the SuperTrend indicator has flipped bullish on the 12-hour chart—a signal that previously set the stage for a massive 470% rally.
Ali Martinez, a respected voice in the crypto space, reignited excitement on January 6 when he noted:
“The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%. It just flipped bullish again.”
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If history repeats itself, the token’s price could surge past the $11 mark, a seismic leap from its current levels. Critical support range appears to be holding steady around $2.25 to $2.40, while resistance at $2.60 looms as the next test.
XRP’s market cap, already an impressive $140.3 billion, could see an unprecedented expansion if the bullish momentum continues. The past week has seen an 18.31% climb, a sign that the tide is shifting.
Adding further intrigue, Martinez had highlighted a TD Sequential buy signal on the 4-hour chart, indicating that a rebound may already be underway. The indicator is notorious for predicting significant price shifts, making it a favorite for technical traders who thrive on precision.
Crypto analysts weigh in
Meanwhile, the broader sentiment across the crypto community remains split between cautious optimism and feverish enthusiasm. Chart guru Captain Faibik weighed in, proclaiming that XRP is nearing a decisive bullish flag breakout on the daily timeframe, with a potential 50% rally on the horizon should the breakout confirm.
A similar analysis was also shared by MikybullCrypto.
In contrast, veteran trader Peter Brandt took a more tempered approach. He noted that while half-mast flags often resolve within six weeks, delays can undermine their credibility.
In his words, “This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD.”
Still, Brandt conceded that if the breakout materializes, a $500 billion market cap is not off the table.
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