Analyst Says XRP Will Make Many New Millionaires in the Next 3 Months. Here’s why

Crypto analyst Steph Is Crypto (@Steph_iscrypto) recently shared an intriguing chart comparing XRP’s price structure to gold.

The chart shows XRP forming a cup and handle pattern similar to the one that preceded gold’s all-time high. Steph suggests that the cryptocurrency could experience a significant rise soon.

The chart illustrates 3 stages in the cup and handle structure. Stage one represents the initial peak, stage two is the decline forming a rounded bottom, and stage three is the consolidation forming the handle.

This pattern previously led gold from around $1,900 to $5,608, a 195% increase. XRP has replicated this structure over its recent price movements, indicating a potential breakout.

Currently, XRP trades at $1.35. Applying gold’s 195% surge projects XRP could reach approximately $3.97 in the next three months. The chart, however, suggests a more ambitious target. The analyst marks a target near $36, indicating a possible higher rally if momentum aligns.

XRP’s Price Performance

XRP’s consolidation in recent months fits the final stage of the cup and handle formation. Its price is moving within a narrowing range, setting the stage for a potential breakout. This pattern often signals a sharp upward move once resistance is breached. Steph emphasizes the similarity to gold’s previous cycle, implying XRP could follow a comparable trajectory.

The cup and handle pattern is widely recognized in technical analysis for signaling strong bullish potential. XRP’s alignment with this structure increases confidence among traders who follow historical chart behavior.

The comparison to gold provides context for XRP’s current positioning. Both markets show a similar multi-year development in price structure, implying that XRP could see a major bullish phase. Unlike speculative commentary, the chart demonstrates concrete historical parallels to gold’s rise, providing a measurable basis for forecasting.

Potential Upside for XRP

If XRP replicates gold’s performance, we could see double-digit levels within three months. Such a move would represent a remarkable surge from current levels. While this scenario depends on market momentum, the structural similarities provide a clear roadmap for potential gains.

Steph’s post emphasizes the scale of opportunity. He mentions, “Many fresh new millionaires will be made in the next 3 months,” highlighting the potential impact on investors if XRP follows this pattern. The projection suggests a period of intense activity, with prices possibly accelerating rapidly once key levels are surpassed.

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 advised to conduct thorough 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 Will Make Many New Millionaires in the Next 3 Months. Here’s why appeared first on Times Tabloid.