XRP may be about to surge, it is said to rise by 57155%!
Recently, the price of XRP has surged to around $1.635, and people in the market feel that this might be a precursor to a big increase.
There is an analyst named Helkin Ashi, who has a nickname 'LUDXRPFLR' on platform X. He studied the historical prices of XRP and found some patterns. He said that the price movements of XRP always have repeating patterns.
He posted a chart that looks quite amusing, showing that the price trend of XRP over the past decade is like a copy-paste. For example, at the end of 2013, XRP reached its highest point, then it fell all the way until mid-2014 before stabilizing. But at the beginning of 2015, XRP suddenly surged again, although it did not reach the height of 2013.
Later, XRP fell again for a while, this time it fell longer, until the first quarter of 2017. However, starting from early 2017, XRP skyrocketed from $0.0055 to $3.84 at the beginning of 2018, increasing by 70000% in just a year!
After this surge, the price of XRP fell back down. Interestingly, the trend in 2018 resembles the trend after 2013 quite a bit. Therefore, after XRP bottomed out in 2020, it surged again in 2021.
However, the increase in 2021 was not as large as in 2018, just as the increase in 2015 was not as large as in 2013. Moreover, the adjustment period after 2021 was also longer.
If the historical trend of XRP is indeed this accurate, then analysts like Helkin Ashi believe that after this breakout from long-term adjustment, the increase might be similar to that of 2017/2018. Ashi even predicts that if XRP continues to rise like this, the peak could exceed $16, and even rush to $305! Friends who bought XRP can be patient and wait.
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