Ripple’s XRP price has been making moves not seen in years, exciting the community. For this reason, various analysts are now using indicators to predict where Ripple price could be headed next and how long the rally might last in the long term.
One such analyst is PharaohX33, who has over 56,000 followers on Twitter and identifies as a psychological trader. He draws attention to a pattern that XRP’s price has been following, known as the Brachiosaurus Pattern. Ripple’s price has been following this pattern for the past 589 days.
The analyst predicts that if XRP can maintain the $0.93 level, it could be on a fast track to reach $1,800 within just 333 hours. He boasts that his analysis is 100% accurate, hoping to instill confidence in his community.
Here’s Why This XRP Price Analysis Is Not Feasible
The price of XRP has struggled for years, and although it is currently rising, it may take time for people to start buying the token again.
The ongoing SEC lawsuit against Ripple is also a significant factor to consider. No one is sure how this protracted case will conclude, and its effects are still impacting XRP’s price.
Currently, XRP has a market capitalization of $61 billion. A price increase from $1 to $1,800 represents over 170,000%, which could drive the market cap to approximately $117.369 trillion in just 333 hours—an unattainable scenario.
