A pseudonymous XRP proponent, known on Twitter as JackTheRippler (@RippleXrpie), has set the crypto community ablaze with a recent post suggesting a dramatic surge for XRP. The analysis shared on X features a price chart of XRP highlighting a crucial price behavior from 2017.
XRP was at a very low point, and JackTheRippler marked this area with the statement, “XRP is dead.” This statement summarizes the market sentiment from 2017, as many believed XRP would never recover.
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While the “XRP is dead” statement might appear bearish at first glance, it is a reference to its discouraging price at the time, significantly below its previous all-time high. However, when most people least expected it and had sold their XRP holdings, the digital asset began a remarkable climb, which sent it to its all-time high of $3.84 by January 2018.
#XRP is dead until it melts your face again!
New All Time is just a matter of time 🚀📈 pic.twitter.com/LpoqB3s0Vb
— JackTheRippler ©️ (@RippleXrpie) February 4, 2024
XRP’s Current State
XRP is in a similar situation currently. Although it began surging in early November, rising while Bitcoin was underperforming, it quickly shed its gains and has been struggling since then. XRP is trading at 0.5062, down 0.37% in 24 hours. It recently dropped below $0.5 and is currently down 6.35% over the past week and down 11.85% over the past month.
An Astonishing Target
XRP’s current state sends the same “XRP is dead” message as 2017. As a result, JackTheRippler believes XRP will soon experience an explosive surge. His chart shows that the impending surge could send XRP to a remarkable $239.74.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: XRP Price Is Set For Meteoric Surge? Analyst Confirms 1000% Golden Cross Is Back
The Path Forward for XRP Holders
Many analysts have shown similarities between XRP’s current state and its behavior from 2017. Another prominent analyst recently referred to those who sold off because of XRP’s poor performance in 2017 as “dumb money” and advised the community to invest without fear.
The singular belief shared by most analysts is that XRP is on its way to an explosive surge, and this surge could begin sooner than most expect. JackTheRippler believes that a new all-time high is inevitable, writing, “New All Time is just a matter of time.”
With Ripple making big moves in the global financial space and XRP adoption growing, the digital asset could be on its way to the top. Another prominent analyst recently shared crucial support levels to watch when XRP begins its climb. He expects a decline soon, but this will lead to a massive surge, which could set XRP on its journey to JackTheRippler’s remarkable target.
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