XRP on Brink of Uncharted Price Surge, Analyst Claims
Analyst Schneider believes that XRP may be entering an uncharted territory in its market cycle, one that has not been seen before.
According to Schneider's analysis, a long-term chart pattern suggests that investors are underestimating the potential scale of the next major move for XRP.
The chart tracks Bitcoin against the U.S. dollar on a weekly timeframe and divides previous market cycles into green and red sections, representing extended upward phases and decline periods respectively.
Schneider points to a repeated duration pattern across previous Bitcoin cycles, with each cycle lasting approximately 1,064 days followed by a 365-day decline period.
The projected path, which begins from around the $60,000 level, rises toward the upper portion of the chart and suggests a potential Bitcoin price of $175,000 to $180,000 in 2029.