XRP Price Predicted to Surpass $2.3 as AMD Cycle Unfolds
XRP is currently trading at $1.30, according to Bitget. Analyst Carolina predicts that AMD cycle could push price above $2.30.
The AMD cycle, a technical analysis framework describing three phases in asset prices, accumulation (when investors quietly build positions), manipulation (where the price is moved lower, often to cause weak hands to sell), and distribution (when holders sell into upward momentum, often leading to a price surge), appears to be unfolding once again on XRP's chart.
The pattern, which has caught the attention of many traders tracking XRP's performance in recent months, mirrors an earlier sequence that saw XRP climb from $0.95 to $1.68 within a few months.
Carolina states that XRP has entered the manipulation phase, which she describes as “happening RIGHT NOW.” This phase tends to dip lower, applying downward pressure that causes many retail traders to exit their positions.