As XRP price gained bullish momentum over the past few weeks, macro analyst Investor Jordan informed his followers that the token has started a parabolic rally.
The U.K.-based swing trader stated that XRP price, in the higher time frames (HTF), is back to a support level that could yield a parabolic growth to at least $15.
“Feels like XRP is finally back in the zone where things start going parabolic again. The road to $15+ has started,” Jordan noted in an X post on July 23.
From a technical analysis standpoint, the content creator argued that the token could rebound from its multi-week rising logarithmic trendline. The analyst highlighted that the altcoin may rally in the near future, similar to its parabolic growth during the fourth quarter of 2024.
XRP weekly chart. Source: TradingView
He supported his bullish thesis for the token by noting that its weekly Relative Strength Index (RSI) is at the same level as May 2022, which marked the bear market bottom. Additi
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