XRP is currently trading around $0.50, but some analysts believe this could be the final consolidation phase 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 major rally could be imminent.
XRP Historical Patterns and Price Movements
Ashi noted that XRP has a history of repeating patterns. For example, after peaking in December 2013, XRP experienced a significant decline before rebounding in 2015. This pattern repeated itself again in 2017 when XRP saw a massive increase of about 70,000%, rising from $0.0055 to $3.84 within a year.
The analyst believes that XRP is once again at a crucial breakout point, similar to the consolidation phase seen in 2015 and 2020. This suggests that another significant price increase could be imminent.
XRP Price Forecast Based on Historical Trends
If XRP follows its previous trend, Ashi predicts that the upcoming breakout could be as violent as the 2017/2018 breakout. He predicts 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. According to the analyst, this final correction could mark the beginning of XRP’s meteoric rise.
