Cryptocurrency

If History Repeats, Analyst Says XRP Is Poised to Rally 40,400%. Here’s the Chart

Crypto analyst CryptoBull @CryptoBull2020) has presented a detailed analysis of XRP’s price movements, suggesting the digital asset could see a significant breakout. According to his predictions, XRP might experience an astonishing rise of more than 42,000%, potentially reaching a price of $227.

This projection is based on historical chart patterns, which the analyst argues resemble XRP’s past behavior. The analysis centers on the formation of symmetrical triangles—a technical pattern it has previously exhibited before experiencing major rallies.

The First Symmetrical Triangle Pattern

The monthly XRP chart that CryptoBull posted highlights two symmetrical triangles that have formed over the years. The first triangle emerged in late 2013, coinciding with the token’s all-time high of $0.0614 recorded in December 2013. XRP experienced a steep decline after this rise, eventually bottoming out at $0.00281 in July 2014.

This decline marked the beginning of a consolidation phase. The consolidation phase lasted for about 38 months, from late 2013 to early 2017. During this period, XRP formed a symmetrical triangle, and by early 2017, XRP’s price action signaled that a breakout was approaching.

In March 2017, XRP broke out of this triangle, leading to an unprecedented price surge. XRP hit a new all-time high of $3.84 by January 2018, representing an increase of over 100,000% from its low in 2014, a rally some believe it can recreate soon. This rapid rise in value demonstrated the potential of XRP to generate significant gains following periods of consolidation.

The Second Symmetrical Triangle

After the cryptocurrency peaked in January 2018, its price saw another sharp decline. This retracement marked the beginning of a second symmetrical triangle, which has persisted for over 80 months. During this time, XRP’s price has continued to exhibit the pattern of higher lows and lower highs, maintaining a similar formation to the previous triangle.

While XRP has yet to break out from this current triangle, CryptoBull believes that the pattern indicates a major breakout is likely to occur soon. The extended duration of this consolidation phase and its resemblance to the 2017 pattern, has led to predictions of another significant price surge.

The analyst has set a target of $227, based on the potential breakout from the ongoing symmetrical triangle. Notably, the $228 target is one of the highest based on technical Indicators and historical patterns.

Some see this target as unrealistic, as it would send the digital asset’s market cap to almost $13 trillion, while the market cap barely exceeds $2 trillion. However, multiple experts have weighed in on XRP’s price in 2025, and CryptoBull’s analysis offers hope for a massive surge.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


Follow us on Twitter, Facebook, Telegram, and Google News

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.

Recent Posts

Ripple CTO Explains Investment Contract and Why SEC Is Wrong About XRP

David Schwartz, Ripple’s Chief Technology Officer, recently highlighted significant distinctions between contracts and “reasonable reliance,”…

16 minutes ago

Best Crypto to Buy Now: Top Picks for 2025 Growth Potential

Bitcoin's recent all-time highs have brought the cryptocurrency market to a crucial turning point that…

1 hour ago

Altcoin Millionaires Back This $0.04 AI Multichain Token for 8,500% Gains by 2025!

Leading figures in the cryptocurrency world are backing a new token that costs just four…

3 hours ago

What is ICO, and How Can It Be Conducted Properly?

Initial Coin Offerings (ICOs) is a way to raise funds in the blockchain and cryptocurrency…

3 hours ago

XRP to $4? We Are About to Witness One of the Biggest Pumps In Years

In a recent tweet, crypto enthusiast CoinsKid shared an XRP/BTC weekly chart, hinting at a…

4 hours ago

Next 10000% ROI Crypto? Why Rexas Finance (RXS) Is Being Compared to the Likes of Dogecoin (DOGE) and Solana (SOL)

Dogecoin (DOGE) attracted the attention of people all around and made casual investors crypto billionaires.…

4 hours ago