Analyst Says XRP Big Breakout Is Coming Soon

Cryptocurrency analyst and influencer Amonyx has once again emphasized his bullish stance on XRP, sharing a detailed technical chart on the social media platform X. The chart highlights strong similarities between XRP’s previous historical breakout and its current market structure, suggesting another significant upward movement may be approaching. The big breakout is coming soon. #XRP pic.twitter.com/HVWSio2rVQ — Amonyx (@amonbuy) April 25, 2025 Historical Accumulation Zone Mirrors Current Price Action In a prior statement reported by Times Tabloid , Amonyx posted, “The big breakout is coming soon. #XRP.” His latest analysis builds on this perspective by providing a visual representation of XRP’s market cycles. The chart he shared displays a triangular consolidation pattern that formed before XRP’s past explosive rally. Amonyx annotated the earlier accumulation zone with a yellow circle, noting the price compression that ultimately led to a breakout. He compared this historical structure directly to XRP’s current chart, implying that the same technical pattern is unfolding again. “Buying Under $20 Is a Blessing” — Amonyx Amonyx further emphasized the opportunity he believes investors have, stating, “Buying $XRP under $20 is a blessing from above.” This comment underscores his view that XRP remains undervalued at present levels and that its price may significantly increase. On the chart, XRP is trading just above $2, well below the $20 threshold he referenced. The setup indicates a gradual narrowing of the price range within a triangle formation, typically viewed by technical analysts as a precursor to a breakout when accompanied by historical precedent. Long-Term Targets Highlighted on Chart The technical chart presented by Amonyx shows key support and resistance levels, with a target zone drawn above the $20 range and potentially even higher, near $34.7850. This level is marked at the top of the chart as a possible long-term target, reinforcing the scale of the bullish movement he anticipates. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Additionally, the chart visually tracks a massive historical decline of approximately 90% after the previous peak, highlighting the cyclical nature of XRP’s price movements and suggesting that another positive cycle could be underway. Important dates are also highlighted on the chart, including long-term projections into 2028 and beyond, indicating that Amonyx views XRP’s potential breakout not just as a short-term event but as part of a broader and extended market cycle. The timeline suggests that while the breakout could happen soon, the full extent of XRP’s appreciation may unfold over several years. Technical Evidence Reinforces Market Expectations Amonyx’s analysis adds to the ongoing sentiment among XRP supporters who argue that XRP’s historical patterns support the case for an eventual strong price recovery. His emphasis on the current price level being a “blessing” further conveys his belief that the present market presents a rare buying opportunity. Based on the chart and analytical evidence shared by Amonyx, there is a clear conviction that XRP is poised for a major market move. As always, price predictions in the volatile cryptocurrency market remain speculative. Disclaimer : 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. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says XRP Big Breakout Is Coming Soon appeared first on Times Tabloid .

Source: TimesTabloid