ChartNerd Forecasts Significant XRP Price Surge, Targeting $7.50

ChartNerd predicts a potential surge in XRP price, with the cryptocurrency set to retest crucial EMA support levels. Experts at ChartNerd believe this could lead to a breakout above $7.50. Historical patterns show a strong correlation between XRP’s current movement and its 2017 performance before a major price increase. The analysis highlights that XRP is currently mirroring historical setup from 2017, where it experienced a similar level of price action. ChartNerd emphasizes the significance of the 20-month Exponential Moving Average (EMA) as a key indicator for price movements in XRP. The recent test of this EMA is showing potential for a breakout and upward movement, with target levels above $7.50.