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Altcoins & DeFi

Carolina expects XRP to break $2.30 if AMD pattern repeats

Image: CoinTurk News

XRP analyst Carolina (@Carolinatcwnl), known for her detailed market observations, has identified a repeating chart structure that she believes could drive XRP’s price to new highs in this market cycle. Carolina focuses on a daily chart pattern she describes as Accumulation, Manipulation, Distribution (AMD). In her analysis, this sequence previously guided XRP’s movement between $1 and $1.68. She sees the same setup taking shape now, suggesting another significant price move could be on the horizon. Earlier this year, XRP traded in an accumulation zone between $1 and $1.30, showing a period of sideways action with few sharp swings. This was followed by a manipulation phase that temporarily pushed the token below $1. Ultimately, the distribution phase arrived, fueling a rapid surge to $1.68 in August.

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