XRP (XRP) Might Consolidate Until Christmas, Then Make a Face Melting Move Up for About a Month Until Late January

A recent analysis by the cryptocurrency analyst Charting Guy on X has drawn attention to XRP’s current market dynamics.

A recent analysis by cryptocurrency analyst Charting Guy has brought attention to XRP's current market dynamics. The analyst suggests that if XRP's price movement continues to mirror its 2017 trajectory, the cryptocurrency might be on the cusp of a significant breakout. However, it may follow a brief period of consolidation.

fyi, if $XRP does still continue to follow 2017, we likely continue to consolidate for another 2 weeks until Christmas time

then, we make our face melting move up for about a month until late January pic.twitter.com/E9MH8ljNXG

— Charting Guy (@ChartingGuy) December 13, 2024

According to Charting Guy's analysis, XRP could continue to consolidate until around December 25, following which a dramatic upward price movement could begin, continuing for about a month until late January. This projection aligns with historical trends where XRP has experienced sharp rallies after periods of accumulation and low volatility.

The analysis also includes a historical price chart, showcasing key moments in XRP's price history. The chart highlights the massive rally that XRP experienced in late 2017 and a similar, although shorter-lived, rally in early 2021. The ongoing consolidation period in late 2024 and early 2025 appears to fit the cyclical behavior observed in previous market cycles.

Adding to the analysis, an X user, Bassi, provides further insight into how the timing of these potential price movements could align with broader narratives. According to Bassi, a rally around December 30 could be influenced by Christmas hype or developments related to Ripple's stable coin (RLUSD).

Furthermore, they project January 20 as a potential peak, coinciding with U.S. Presidential Inauguration Day. This date could mark a turning point for XRP, with the community likely attributing any subsequent downturn to a "sell the news" event.

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The analysis and commentary suggest that XRP's price movements could be influenced by several factors:

Historical Patterns: XRP's past rallies have often followed long periods of consolidation, suggesting that the current phase might precede significant price action.

Market Sentiment: Speculative narratives, such as the holiday season or major institutional developments, often drive short-term price movements in the cryptocurrency market.

Macro Events: Broader market conditions, including regulatory developments, macroeconomic trends, and Bitcoin's price performance, are likely to have an indirect impact on XRP's trajectory.

Ripple Developments: Any updates from Ripple, such as progress in adoption or partnerships, could also act as catalysts for price movements.

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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