XRP's Path to $15: Historical Price Alignments
Compare XRP's 2017 and 2024 market cycles. XRP gained 629% from the 2017 range-high breakthrough, represented by a horizontal black dashed line on the chart.
Compared to its 2024 range-high breakout, the asset has gained 331%. XRP rose 1,330% from December 2014 to May 2017, nearing the 4.236 Fibonacci extension.
Bobby A predicts a 665% growth for XRP based on the 2017 surge's premise of halving percentage point increases. XRP is estimated at $15.00 at the 4.236 Fibonacci extension level.
It looks XRP is halving its percentage point rises from its 2017 market cycle. Bobby A explains that if XRP reduces its next impulse in half, the asset's price might reach ~$15.00 around its 4.236 extension following a probable 665% gain.
The analyst also sees a bull flag pattern, which usually indicates continued upward momentum. This bull flag targets XRP's macro parallel channel's upper barrier at $10.50. Bobby A says the asset's bull flag aims $10.50, the top of its macro parallel channel.
Bassii expects XRP to reach $9 before a severe drop after a 42% rundown.
He discusses fractal patterns, saying, “This run seems to be cut to 42%, would get us close to $9, then a big drop. You're missing the final half of the 2017 run. If we retain the same %, we gain $30 after months of accumulation.”
Even $35?
Bassii noted parallels between the 2024 run and the 2017 cycle in a prior self-analysis. Two eras had five weeks of continuous green candles, but with different magnitudes—500% in 2024 and 1,200% in 2017.
According to him, 2017 saw 5 weeks of green candles at ~1,200%, followed by 3 weeks of red candles down 63%. In 2024, one week of red candles has followed five weeks of green candles at ~500% up (almost half of 2017's run). As expected, 30% off. XRP fell 30% in 2024 and 63% in 2017, each about halving.
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