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If 2017 Trend Repeats, Analyst Says XRP Is Poised For 1,485% Rally to $10. Here’s when

In the crypto world, speculation runs rife, and Ripple’s XRP is no exception. With XRP’s recent price surge, some analysts are raising eyebrows and contemplating the possibility of a substantial upswing soon.

Cryptoinsightuk (@Cryptoinsightuk), a prominent crypto analyst on X, has shared his insight, which hinges on a compelling observation of XRP’s past behavior. Based on XRP’s price movements in 2017, he suggests that a significant price surge to $6.8-10 within the next month could be on the horizon.

Read Also: XRP Price Abruptly Surged To $247 On CryptoCom Exchange, Sparking Speculation Among Pundits

Cryptoinsightuk explained his reasoning, pointing out that XRP has shown a tendency to make explosive moves when it enters the overbought area on the RSI.

Although there is room for the price to rise before hitting that threshold (around $0.90-$1.00), the possibility of a launchpad effect seems plausible. If history repeats itself, XRP’s price could witness a meteoric rise in the short term.

While this prediction may appear ambitious, Cryptoinsightuk highlights the long accumulation phase XRP has undergone over the past five years. Missing out on an entire bull cycle, XRP could be poised for rapid gains if history is any indicator.

Contrasting Views

Joining the chorus of price predictions are two other notable crypto analysts: CrediBULL Crypto (@CredibleCrypto) and Dark Defender (@DefendDark).

CrediBULL Crypto’s forecast takes a more conservative approach, envisioning XRP rising to $0.90 during the summer of 2024. This prediction depends on XRP maintaining a stronghold above the $0.40-$0.50 resistance level.

Read Also: XRP Price Abruptly Surged To $5,791 On Binance. Pundits Speculate On Likely Cause

In contrast, Dark Defender adopts a more bullish stance. He believes that XRP could continue to soar, potentially surpassing $18, but this hinges on the asset overcoming the critical $1.88 Fibonacci target.

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While these analyses and predictions provide intriguing insights into XRP’s potential, it’s essential to remember that the cryptocurrency market is highly speculative and volatile. The future of XRP remains uncertain, and investors should exercise caution and conduct their research before making any financial decisions.

With Ripple Swell around the corner, Ripple CEO Brad Garlinghouse recently shared a teaser that got the community riled up with excitement, which could also affect XRP’s price. XRP enthusiasts are eagerly waiting to see what the digital asset does next as the days pass. Only time will tell if these predictions will turn into reality.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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