XRP confirmed the breakthrough! Analysts boldly predict: the pump to 20 dollars is a done deal.

Crypto assets analyst and influencer Amonyx has made a bold prediction, stating that XRP is expected to break through $20 after confirming a technical breakthrough. The attached chart outlines the significant price movement of XRP, drawing the attention of traders closely following the long-term trend of the asset. Amonyx's analysis highlights a breakout pattern that has formed over the years, with XRP breaking through the long-term resistance line that has suppressed prices since the peak in 2018.

Years of symmetrical triangle breakout, technical analysis confirms an uptrend

(Source: Trading View)

Amonyx's analysis highlights the breakout pattern that has formed over the years. The chart shared by the analyst shows that XRP has broken through a long-term downward resistance line that has suppressed price increases since the peak in 2018. This breakout is accompanied by a clear ascending support structure, reflecting a continued strengthening of stable accumulation and buying interest.

This technical formation is consistent with the many years of symmetrical triangles that traders recognize—this formation usually appears before a significant market expansion and is confirmed through trading volume and continuation candlestick patterns. The symmetrical triangle is one of the most reliable continuation patterns in technical analysis, representing the forces of buyers and sellers breaking out in a certain direction after a long-term equilibrium. XRP has experienced over 7 years of consolidation since its high of $3.84 in 2018, forming this massive triangular structure.

The chart seems to support this upward momentum, indicating that the participation of market participants is continuously increasing. The chart shows that breaking through the 3 dollar resistance level is interpreted by analysts as a key confirmation point, which, if sustained, could trigger an accelerated rise. The 3 dollar price point has multiple significances; it is not only a psychological barrier but also an important resistance area at the peak of the bull market in 2021. Once it effectively breaks through and stabilizes, it will confirm XRP's entry into a new round of upward cycle.

From the perspective of trading volume analysis, XRP shows a characteristic of increased volume during the breakout process, which is an important verification of the effectiveness of the technical breakout. An increase in volume during a breakout indicates that market consensus is forming, with a large influx of buy orders driving the price to break through long-term resistance. Conversely, if the trading volume shrinks during the breakout, it often signals a false breakout. Currently, XRP's trading volume performance supports the bullish narrative.

Key Signals for XRP Technical Breakthrough:

Long-term downtrend resistance line breakthrough: The pressure line formed since 2018 has been effectively broken through.

Rising Support Structure Formation: The price lows are continuously increasing, indicating that buying pressure is consistently accumulating.

Symmetrical Triangle Completed: A classic breakout pattern after years of consolidation.

Trading volume confirmation: A breakout accompanied by increased volume confirms the rise in market participation.

$3 Key Level: Once stabilized, it will open up upward space.

Feasibility and Calculation Logic of the $20 Target

The $20 prediction for Amonyx is not a figment of imagination, but based on the extension rules of technical analysis. The target price after the breakout of a symmetrical triangle is usually the height of the pattern plus the breakout point. XRP has a height of about $3.67 from its high of $3.84 in 2018 to its low of about $0.17 in 2020. If calculated from the current breakout point of $3, the theoretical target price is approximately $6.67.

However, Amonyx's $20 prediction clearly goes beyond basic pattern measurement. This target may be based on several factors: first is the final resolution of the Ripple vs. SEC lawsuit, eliminating the greatest regulatory uncertainty. Second is the possibility of XRP ETF approval, which would bring institutional-level capital inflow to XRP. Third is Ripple's continued expansion in the global cross-border payment sector, with the increase in practical application scenarios enhancing the intrinsic value of XRP.

From a market capitalization perspective, an XRP price of $20 would imply a market cap of approximately $1.1 trillion (assuming a circulating supply of around 5.5 billion coins). This scale would place XRP above Ethereum, making it the second largest crypto asset, behind Bitcoin. Although this target is extremely aggressive, it is not entirely impossible during a bull market peak. In the 2017 bull market, XRP's market cap briefly surpassed Ethereum, indicating that XRP has the potential for rapid bursts when market sentiment is high.

Recent price movement has provided a short-term validation for bullish traders. The 10% increase over the past week and the 3.64% rise in the last 24 hours indicate that buying pressure is strengthening. This gradual rise is healthier than a violent surge, as it allows the market to fully exchange hands at each price level, establishing a more solid support.

Community Concerns and Risk Warnings

Although Amonyx firmly believes that this breakout confirms the prediction of a price of $20 and above, the community's reaction has been mixed. User Gino from X commented on the frequency of such predictions, pointing out that high targets have been set multiple times in the past but ultimately failed to materialize. This skepticism is well-founded, as the XRP community has experienced numerous “imminent explosion” predictions over the past few years, most of which have not come to fruition.

Another user, Daze, expressed concern that if the price exceeds $3, large holders may sell their positions again, just as seen in previous rebounds. This concern points to a structural issue with XRP: supply is highly concentrated. Ripple holds a large amount of XRP, and although they have committed to a phased release, the market is always worried about the possibility of a massive sell-off. Additionally, early investors and whale holders have strong incentives to take profits when the price approaches previous highs.

Despite the skepticism, the current long-term chart of XRP shows significant technical developments, reigniting analytical interest. Many observers believe that this breakthrough is a key test of market strength after years of consolidation, although there are still differences of opinion regarding its potential upside. This divergence itself is a healthy market performance, as excessive consensus optimism often marks a top.

From a risk management perspective, investors should remain cautious. While technical breakthroughs provide bullish signals, the volatility of the crypto assets market is extremely high, and any predictions carry uncertainty. Analysts warn that market behavior can quickly shift based on liquidity conditions, investor sentiment, and macroeconomic influences.

Key Observation Indicators and Trading Strategies

Continuously confirming the breakthrough of key resistance levels, along with stable trading volume and institutional demand, will be key indicators to determine whether XRP can continue to rise. Traders should follow the following aspects:

First is the confirmation of the 3 dollar resistance level: XRP needs to close above 3 dollars on the daily and weekly charts, and must not fall below this level during corrections to confirm that the breakout is valid. If the price fluctuates repeatedly around 3 dollars, it may indicate that the market has not yet formed a consensus and needs more time to digest the selling pressure.

Secondly, the sustainability of trading volume: A healthy rise should be accompanied by stable or increasing trading volume. If the trading volume gradually shrinks, it may indicate the exhaustion of upward momentum. In addition, signs of institutional demand are also important, such as the net inflow data of XRP from major exchanges and the accumulation behavior of whale wallets.

The third is the alignment of the macro environment: The price movement of XRP cannot be separated from the overall Crypto Assets market. If Bitcoin and Ethereum remain strong, it will provide a favorable environment for XRP. Conversely, if the market corrects, it will be difficult for XRP to maintain its own strength. In addition, macro factors such as Federal Reserve policy, global liquidity, and risk appetite will also affect the performance of XRP.

For investors looking to participate in the rise of XRP, dollar-cost averaging and setting stop losses are wise strategies. An initial position can be established near the current price, and then added after confirming a breakout at $3, while setting stop losses in the range of $2.3 to $2.4 (below the breakout point). This strategy allows for capturing potential upside opportunities while managing risk.