XRP ‘SuperTrend indicator’ flips bullish; is another 470% surge coming?
XRP ‘SuperTrend indicator’ flips bullish; is another 470% surge coming? Share
Cryptocurrency Jan 7, 2025The cryptocurrency world has its eyes firmly set on XRP, as the SuperTrend indicator has flipped bullish on the 12-hour chart—a signal that previously set the stage for a massive 470% rally.
Ali Martinez, a respected voice in the crypto space, reignited excitement on January 6 when he noted:
“The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%. It just flipped bullish again.”
Picks for you
2 cryptocurrencies to reach a $100 billion market cap in Q1 2025 15 hours ago What $1,000 in Bitcoin from Trudeau’s ‘freedom convoy’ freeze is now worth 16 hours ago AI predicts Filecoin (FIL) price for 2025 17 hours ago Is your job at risk? ChatGPT founder predicts AI agents impact in 2025 18 hours ago
If history repeats itself, the token’s price could surge past the $11 mark, a seismic leap from its current levels. Critical support range appears to be holding steady around $2.25 to $2.40, while resistance at $2.60 looms as the next test.
The last time the SuperTrend indicator flipped bullish on the 12-hour chart, $XRP went up 470%… It just flipped bullish again. 👀 pic.twitter.com/tqj40dO9nV
— Ali (@ali_charts) January 6, 2025
XRP’s market cap, already an impressive $140.3 billion, could see an unprecedented expansion if the bullish momentum continues. The past week has seen an 18.31% climb, a sign that the tide is shifting.
Adding further intrigue, Martinez had highlighted a TD Sequential buy signal on the 4-hour chart, indicating that a rebound may already be underway. The indicator is notorious for predicting significant price shifts, making it a favorite for technical traders who thrive on precision.
Crypto analysts weigh in
Meanwhile, the broader sentiment across the crypto community remains split between cautious optimism and feverish enthusiasm. Chart guru Captain Faibik weighed in, proclaiming that XRP is nearing a decisive bullish flag breakout on the daily timeframe, with a potential 50% rally on the horizon should the breakout confirm.
$XRP is on the verge of Bullish Flag Breakout on the Daily timeframe Chart..!!
Expecting another +50% Bullish Rally after Successful Breakout.. 📈#Crypto #XRP #XRPUSDT #XRPArmy pic.twitter.com/FuVjhDbdBN
— Captain Faibik 🐺 (@CryptoFaibik) January 7, 2025
A similar analysis was also shared by MikybullCrypto.
$XRP breakout is imminent
The chart looks ready. pic.twitter.com/g9YHdcNOqx
— Mikybull 🐂Crypto (@MikybullCrypto) January 7, 2025
In contrast, veteran trader Peter Brandt took a more tempered approach. He noted that while half-mast flags often resolve within six weeks, delays can undermine their credibility.
In his words, “This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD.”
Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible pic.twitter.com/c7BHqnQFkP
— Peter Brandt (@PeterLBrandt) January 6, 2025
Still, Brandt conceded that if the breakout materializes, a $500 billion market cap is not off the table.
Featured image via Shutterstock