Renowned market technician Tony Severino has turned decidedly bullish on XRP, projecting a potential 333% advance over the coming 40-day period. Severino, whose Elliott Wave analysis has earned him a solid following among active traders, believes the stage is set for a substantial breakout move.
The Technical Setup Signals a Shift
The current price structure of Ripple’s XRP shows clear signs of consolidation unwinding. According to Severino’s analysis, the prolonged sideways trading pattern has squeezed volatility to levels that typically precede significant directional moves. Buying pressure appears to be accumulating beneath recent price levels, while selling has noticeably diminished.
Elliott Wave Framework Suggests Upside Potential
Using Elliott Wave methodology—a time-tested tool for identifying market cycles—Severino’s analysis suggests XRP may be entering a powerful impulse phase. The wave count and price action alignment indicate that if the projected sequence materializes, the token could test significantly higher levels, well beyond the resistance zones that have capped price action recently.
Market Momentum May Accelerate the Move
Severino’s track record for precision in calling crypto market inflection points adds credibility to the forecast. His approach combines traditional technical analysis disciplines with cyclical market understanding, allowing him to often spot accumulation and breakout patterns ahead of broader trader recognition. Should the predicted wave pattern play out as charted, fresh participant interest and momentum confluence could propel XRP substantially higher over the specified timeframe.
The combination of tight chart structure, depleted selling pressure, and wave pattern alignment has convinced one of the market’s most followed technicians that XRP’s near-term trajectory has decisively tilted to the upside.
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XRP Poised for Explosive Rally: Veteran Technician's 333% Bull Case in 40-Day Window
Renowned market technician Tony Severino has turned decidedly bullish on XRP, projecting a potential 333% advance over the coming 40-day period. Severino, whose Elliott Wave analysis has earned him a solid following among active traders, believes the stage is set for a substantial breakout move.
The Technical Setup Signals a Shift
The current price structure of Ripple’s XRP shows clear signs of consolidation unwinding. According to Severino’s analysis, the prolonged sideways trading pattern has squeezed volatility to levels that typically precede significant directional moves. Buying pressure appears to be accumulating beneath recent price levels, while selling has noticeably diminished.
Elliott Wave Framework Suggests Upside Potential
Using Elliott Wave methodology—a time-tested tool for identifying market cycles—Severino’s analysis suggests XRP may be entering a powerful impulse phase. The wave count and price action alignment indicate that if the projected sequence materializes, the token could test significantly higher levels, well beyond the resistance zones that have capped price action recently.
Market Momentum May Accelerate the Move
Severino’s track record for precision in calling crypto market inflection points adds credibility to the forecast. His approach combines traditional technical analysis disciplines with cyclical market understanding, allowing him to often spot accumulation and breakout patterns ahead of broader trader recognition. Should the predicted wave pattern play out as charted, fresh participant interest and momentum confluence could propel XRP substantially higher over the specified timeframe.
The combination of tight chart structure, depleted selling pressure, and wave pattern alignment has convinced one of the market’s most followed technicians that XRP’s near-term trajectory has decisively tilted to the upside.
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