Analyst Says XRP Giga Pump Is Coming. Here’s the Signal

Crypto pundit Amonyx (@amonyx) believes XRP could be approaching a major turning point. In a recent post, he stated that a giga pump is coming for XRP and shared a chart that outlines the technical setup behind that view.

The analysis centers on a long-term resistance zone that XRP finally broke above in late 2024. The chart suggests that this retest could become the foundation for a much larger move if buyers defend the level.

The Previous Breakout

The one-month chart highlights a price zone that acted as resistance on several occasions over the past few years. XRP reached that area multiple times but failed to establish a sustained move above it. Those repeated tests created a significant technical barrier in place until late 2024, when the asset surged over 500% and finally broke through it.

That breakout changed the structure shown on the chart. Instead of serving as a ceiling, the same area now appears to be functioning as support. The technical idea in the chart relies on this shift, with the previous resistance level becoming a platform for another advance.

XRP Is Retesting Crucial Support

After the breakout, XRP spent several months moving lower. The chart shows that the decline brings the asset back to the same zone that previously limited its gains. Rather than treating the move as a failed breakout, the analysis views it as a retest of a key support level.

The highlighted area now sits at the center of the bullish analysis. If XRP holds that level and rebounds, the chart suggests the market could enter another powerful upward phase. The large arrow pointing higher reflects the expectation and connects the current setup to an earlier cycle.

The 540x Comparison Creates a Massive Target

One of the most striking features of the chart is the label showing a previous move of approximately 540x. Amonyx uses that historical rally as a comparison for the current technical structure, with the chart implying that a similar pattern could develop after the support test.

Applying the same 540x multiple to XRP’s current price of $1.14 produces a theoretical value of about $615.60. This would put XRP in the triple-digit range.

Can XRP Rebound from Support?

The chart focuses on what happens next at the current support zone. XRP already broke above a resistance level that held through multiple tests. It has now returned to that area after months of declines, creating a technical setup that many traders watch for confirmation. If the support level holds, the chart suggests the next move could be historic.

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.

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