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- Yoddha predicts a major rally for XRP based on historical price patterns.
- John Deaton holds 80% of his wealth in Bitcoin, XRP, and other cryptocurrency.
Yoddha, a popular cryptocurrency analyst, has highlighted a strong potential rally in the XRP price based on previous price movement patterns.
Chart Shows XRP Consolidation Pattern Resembling Past Rally
Yoddha tweeted a chart showing XRP’s current consolidation pattern. This pattern resembles one from 2025 to 2017, which came after a significant rally. Based on this movement, Yoddha predicts a similar rally, which could boost the price of XRP above $20.
After years of consolidation $XRP might finally show us the rally: pic.twitter.com/X6grHg3NP7
— Yoddha (@CryptoYoddha) July 23, 2024
However, one user on X suggested that the target may be higher because the longer the base, the more upward space is produced. This suggests the user believes XRP has the potential to grow above $20 in the future.
On the other side, as we previously reported, another analyst, Javon Marks, predicts that the XRP price will rise by 41,400%, exceeding $150. Marks predicts that XRP will shortly break out and fly uncontrollably, based on a Triangle chart pattern.
At the time of writing, XRP is trading at $0.6007, down 1.40% over the last 24 hours, with a trading volume of $1.949 billion. The token is still trying to stay above its crucial level of $0.60.
Meanwhile, CNF reports that John Deaton, a pro-XRP attorney, invests 80% of his personal wealth in Bitcoin, XRP, and other cryptocurrency. Deaton is now running for a Senate seat in Massachusetts against incumbent Elizabeth Warren. Deaton supports crypto, while Warren does not.
Warren has long been one of the most strident critics of the cryptocurrency industry in the United States Congress.
Previously, Deaton also gained full backing from Cardano’s founder, Charles Hoskinson. Hoskinson also donated $3,300 to the campaign. He said:
“I just donated the maximum amount allowed for @DeatonforSenate in his fight against Elizabeth Warren for The Senate.”
