XRP Price Prediction as Wyckoff Pattern Signals Rally

The crypto market is bullish today, April 21, as Bitcoin's surge to a three-week high fueled optimism around altcoins such as Ripple (XRP).

The crypto market is bullish today, April 21, as Bitcoin’s surge to a three-week high fueled optimism around altcoins such as Ripple (XRP). Analysts are optimistic that the XRP price might be on the verge of a massive rally due to a bullish formation on the Wyckoff pattern, and it may spearhead the next altcoin season. This article seeks to provide a detailed XRP price prediction to assess how high this token could rally in the near term.

XRP Price Prediction as Wyckoff Pattern Signals Rally

Crypto market analyst ChartingGuy has shared a detailed forecast for XRP price using the Wyckoff Accumulation pattern, suggesting that Ripple is primed for a bull run. Based on the phase that Ripple appears to be in within the channel, it may be poised for a strong upward breakout in the coming weeks.

As the chart shows, the Wykoff pattern usually identifies the period where smart money accumulates an altcoin, and based on the current XRP price, Ripple is in phase D, which suggests that smart money have finished accumulating and are holding their positions. This might precede a breakout.

Before the next XRP price rally, Ripple might drop to test support at around $2. If it can defend this support, it is poised for an aggressive markup phase that will push it past the record high of $3.40 to surpass $4.

Based on this Ripple price forecast by analyst ChartingGuy, it is clear that this altcoin might be on the verge of a major upswing past $3. One of the catalysts that might drive this rally is XRP ETF approvals.