XRP price causing keen, intermittent sell-offs and $10 may be just the beginning

Featured in:
abcd

XRP prices have been hampered by many factors over the years, the most significant of which was a legal battle with the US Securities and Exchange Commission (SEC). Nevertheless, the community appears to have remained hopeful, with many predicting the altcoin to reach double-digit levels in the near future. The target has continued to rise in recent years, as one analyst’s forecast suggests hitting $10 could be just the beginning significant depreciation of XRP.

How can XRP profits be multiplied in the 2017-2018 cycle

XRP’s current price trajectory may follow the same trend as the altcoin in 2017, which could have significant implications for the cryptocurrency. As a Future XRP cryptocurrency analyst on X (formerly Twitter) explaineda repeat of 2017’s growth would mean a jump to double-digit $10 could be just the beginning.

sadasda

According to the analyst, the cryptocurrency’s current leisurely growth is not unusual. A similar trend in the price of XRP was already present during the bull market in 2017, leading to the point where the price of the altcoin began to explode.

Following these historical results, the cryptocurrency analyst divides the XRP price trajectory into three phases. The first is months of boredom, during which the price of the altcoin does not seem to change at all. Then he comes weeks of disbeliefwhere the price starts to change quickly. Finally, XRP enters a month of “absolute chaos” where the price completely explodes and its performance surpasses all previous months.

How high can the price go after the 2017 trajectory?

Comparing the current trend to 2017, the cryptocurrency analyst explains that the XRP price on June 1, 2026 can be compared to the equivalent price on December 1, 2017. This would mean that the first escalate would push the XRP price above $2 by July 1.

Next will be rapid growth where the price increases above USD 5, and in the third quarter it already exceeded USD 10. But that’s not the end, as the rapid growth will push the price up to $24.96 by the end of the third quarter in September.

However, if the price continues at its 2017 full copy level, the price of XRP has increased a total of 640x from January 2017 to January 2018. Based on the current price of XRP, a 640x escalate would cause the price to peak as high as $832. “History never exactly repeats itself. However, understanding how the previous XRP cycle played out provides valuable context when assessing future market behavior,” the analyst explained.

Price falls as positive sentiment fades | Source: XRPUSDT on Tradingview.com

Featured image from Dall.E, chart from TradingView.com

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

The American arbitration giant launches a specialized panel to...

The American Arbitration Association (AAA), one of the world's largest providers of private dispute resolution services, has...

Crypto is entering its biggest consolidation phase in history,...

The ARK Invest analyst says the cryptocurrency industry is entering what he believes is its largest phase...

Hungary lifts cryptographic controls after granting first MiCA license

Hungary is rolling back strict cryptocurrency rules as CoinCash prepares to resume services after receiving authorization under...

AmericanFortress offers quantum-secure cryptocurrency wallet protection without fund migration

Blockchain security company AmericanFortress has unveiled a cryptographic scheme it says can protect existing cryptocurrency wallets against...

The Real Reason DeFi Projects That Survived the 2022...

When DeFi dashboard Zapper announced this month that it would be shutting down after nearly seven years,...

Binance extorts data from its employees every month, India...

Binance "red teams" employ their own staff every month to keep hackers at bayCryptocurrency exchange Binance has...