XRP is currently trading around the $0.50 mark, but some analysts suggest that this might be the final phase of consolidation before a major breakout. Market analyst Helkin Ashi, known as “LUDXRPFLR” on X, has identified historical patterns in XRP’s price movements that suggest a massive surge may be on the horizon.
XRP’s Historical Patterns and Price Movements
Ashi notes that XRP has a history of repeating patterns. For example, after peaking in December 2013, XRP experienced a significant downturn before rallying in 2015. The pattern repeated again in 2017 when XRP saw a massive increase of around 70,000%, rising from $0.0055 to $3.84 within a year.
The analyst believes that XRP is once again at a critical breaking point, similar to the consolidation phases seen in 2015 and 2020. This suggests that another significant rally could be imminent.
XRP Price Forecast Based on Historical Trends
If XRP follows its previous trends, Ashi predicts that the upcoming breakout could be just as intense as the one in 2017/2018. He projects that XRP could reach a mid-term peak of over $16, but in a more optimistic scenario, the asset could surge as high as $305. This would represent a staggering 57,155% increase from its current price of $0.5327.
This final shakeout could mark the beginning of an astronomical rise for XRP, according to the analyst's forecast.
