Prominent cryptocurrency analyst and influencer Amonyx has reaffirmed his bullish stance on XRP in a recent tweet that included a compelling side-by-side chart comparison between XRP and Bitcoin.
The post, which featured the message “#XRP BREAKOUT LOADING… BE READY”, presents a technical analysis suggesting that XRP is on the verge of a significant upward movement following a long period of consolidation.
#XRP BREAKOUT LOADING… 🚀
BE READY 🔥 pic.twitter.com/1l4Wxn42ei
— Amonyx (@amonbuy) April 19, 2025
The chart shared by Amonyx overlays monthly candlesticks for XRP/USD and BTC/USD, highlighting a striking similarity in historical patterns.
On the XRP chart (top), a multi-year symmetrical triangle pattern has recently been broken to the upside, with the asset currently trading around $2.15. The pattern spans from approximately 2018 to early 2025, culminating in a breakout that could trigger a major bullish phase.
Supporting the thesis, Amonyx’s chart mirrors XRP’s breakout with a previous similar formation on Bitcoin’s chart (bottom), which also displays a symmetrical triangle that led to a historic price surge beginning in 2020.
Bitcoin’s price action after breaking out of its triangle saw it rally to new all-time highs, reinforcing the analyst’s implication that XRP may now be positioned for a comparable trajectory.
Fibonacci Targets and Technical Breakthroughs Highlight Bullish Potential
The XRP chart also includes several horizontal levels of note. A key breakout line at around $1.99 has been surpassed, and overhead Fibonacci extension targets are marked at approximately $27.16 (1.618 extension) and $71.41 (1.902 extension).
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These levels reflect potential price targets should XRP follow a similar parabolic move as Bitcoin did after its technical breakout. Historical resistance levels and long-term consolidation zones are also shown, emphasizing the magnitude of XRP’s recent breakout from a technical analysis standpoint.
In an earlier commentary reported by Times Tabloid, Amonyx described the opportunity to purchase XRP under $20 as a “blessing from above,” reinforcing his view that the current range remains undervalued in the context of its future potential.
The article highlights Amonyx’s broader investment philosophy and his emphasis on long-term accumulation of assets with asymmetric upside. His latest tweet builds upon this sentiment, suggesting that the technical backdrop aligns with his long-held fundamental conviction.
Market Sentiment Shifts as XRP Holds Key Support
XRP’s performance over the past several years has been constrained by regulatory uncertainty and prolonged legal challenges. However, recent developments have shifted market sentiment, and analysts like Amonyx are now pointing to price action as an early indicator of renewed investor confidence. The breakout from the extended symmetrical triangle is interpreted by many chartists as a signal of trend reversal and momentum shift.
While Amonyx’s projections are speculative and based on chart pattern analogies, his influence in the crypto space and history of accurate macro-level predictions have drawn increased attention to his current outlook.
XRP traders and long-term holders may see these technical milestones as potential confirmation of a larger bullish cycle, should follow-through volume and market conditions continue to support upward momentum.
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 urged to do in-depth 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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