Brace For Impact: XRP Primed For Massive ‘Explosion,’ Analyst Says After Key Break

Price movement of XRP has been slow recently; it stays about $0.53 and shows a 7% drop over the previous month. Many investors are becoming frustrated as they see the altcoin stagnating after a bit of an increase recently.

Despite the weak performance, technical analysts are starting to see possible signals of a major change despite the negative vibe; if XRP effectively crosses an important Fibonacci retracing level, they project a strong recovery.

Market analyst “Random Crypto Pal” thinks XRP is about to break out in an “explosive” manner. On social media, he shares his observation and emphasized the significance of the 0.236 Fibonacci level, which XRP has not yet hit but is approaching. Should this level give way, he expects a price explosion similar to the one it observed in 2017.

Once #XRP breaks above 0.236 fib the 2017 #XRP EXPLOSION is coming