Nothing Can Stop XRP from Reaching $20: Expert Shares Interesting Analysis

XRP continues to attract attention across the crypto market as new technical analysis indicates a high probability that the token will reach the $20 mark. According to a post shared by crypto market analyst @amonbuy on X, XRP is repeating the massive bullish pattern that triggered a strong bull run. XRP forms a structure similar to what we have seen in previous cycles, in which the associated price patterns follow the rules of the Elliott Wave. As we can see, XRP sits on Wave (5) in the Elliott Wave theory and is known for its strong gains. In the past, this Wave has led to rapid growth for XRP, taking it from stable to bullish. The bullish implications have returned when this pattern is forming again. Technical analysis has pointed to key resistance zones at $3.36, which XPR is currently considering. After that, the analysis shows potential targets for the price level of $8.44 and $27.23. These price levels have been seen before as XRP breaks out of triangle patterns and indicates a meaningful growth opportunity. According to the chart, XRP has followed a rising triangle pattern for several years. Each time we have seen this structure, there has been a significant price breakout. The token is currently moving above the 0.382 retracement level, receiving support near $1.46 and showing signs of continued bullishness. Fibonacci Levels And Market Psychology Align With Bullish Outlook The expert's analysis also noted that bullish volume patterns often precede large price movements. This volume trend and consistent structural support further strengthens the bullish thesis for XRP. The breakout scenario aligns with a larger shift in market sentiment, as XRP is regaining bullish momentum after a prolonged consolidation phase. Further analysis shows that in recent months, the XRP price has followed the same path as the previous bull run, rising rapidly from a price of less than $0.01 to more than $3.00. The similarity in price action and structure fuels optimism among traders, many of whom believe this setup is too appropriate to ignore. Everything indicates from @amonbuy's analysis that the current market trend does not prevent XRP from reaching the target of 20 dollars. His chart highlights the previous direction, Fibonacci support, and investor sentiment to suggest that the bullish trend for XRP may be starting. Experts are reviewing the technical outlook for XRP after predicting a possible price rise above $20. Analysts are keeping a close eye on XRP as the coin goes through a critical phase in the market lifecycle due to heightened attention and well-defined chart patterns.