XRP News Today: XRPJunkie Predicts 40-Day Sideways Trading Before Potential Breakout

XRPJunkie, a prominent analyst on X, has provided an updated analysis of XRP's price movements using historical fractals. In his latest post, he suggests that while XRP may deviate from the recent Aug–Dec 2024 fractal, it could still mirror the structure observed during the 2017 bull run. The latest chart illustrates a growing divergence between the current price and the purple overlay representing the August to December 2024 fractal. Despite this divergence, XRPJunkie remains optimistic that the 2017 fractal could still materialize.

According to XRPJunkie, if the 2017 fractal plays out, XRP could experience approximately 40 more days of sideways trading before a significant breakout in late June or early July. Other experts have also shared bullish targets for the digital asset in June, and XRPJunkie’s projection includes a Take Profit (TP) zone extending above $10, should the pattern repeat. This analysis builds on a previous update posted on April 28, where XRPJunkie overlaid XRP’s May to December 2017 price action onto the current chart. At that time, he noted that “the current price movement is almost identical with 2017” and referenced a 208-day accumulation phase that preceded XRP’s historical breakout in late 2017.

In that analysis, XRPJunkie identified key Fibonacci retracement levels between approximately $2.68 and $3.09, indicating a potential consolidation period before the next major upward move. Both charts emphasize the historical repetition and similarities between XRP’s current structure and its 2017 trajectory. While the first chart includes the 2024 and 2017 fractals for comparison, the older pattern may still be the most relevant.

The new projection suggests that if XRP follows the 2017 structure, a period of sideways movement is likely to continue through June, paving the way for a sharp upward move potentially into double-digit territory. XRPJunkie has clarified that these interpretations are speculative and not financial advice. While not everyone shares XRPJunkie’s belief that XRP will repeat the 2017 fractal, his charts show a strong correlation between the price movements. Fractals as a technical tool continue to attract attention from market participants due to the cyclical nature of cryptocurrencies.

Whether XRP adheres to the 2017 roadmap remains uncertain. However, based on the charts provided and the timing, the coming 40 days may prove pivotal in confirming or invalidating the prediction. XRPJunkie’s analysis highlights the potential for a significant price movement in the near future, but it is important to note that these interpretations are speculative and should not be considered financial advice. Market participants are advised to conduct their own research and make informed decisions based on their individual risk tolerance and investment goals.