An analyst reveals what would happen when XRP has a bull cycle after 2017
Since cryptocurrencies look trapped in time, investors have worried about XRP. Even if there has been another major bull market following the 2017-2018 boom, XRP has not rebounded. While expectations for the altcoin have plummeted considerably, one expert thinks it might eventually make its mark, disclosing objectives.
Why XRP May Be Ready For A Bull Run
Crypto analyst CryptoManiac101 shared an intriguing XRP price prediction on TradingView. The expert noted many signs that the cryptocurrency may be set to move. Price levels and changes were a primary focus of the investigation.
A crypto specialist notes a confluence of three moving averages in 2024. The graphic shows a symmetrical triangular pattern in the conclusion. Convergence around $0.51 signals consolidation. Concentration generally leads to accumulation, which boosts prices, and the analyst notes increased interest.
XRP's 11-year success is also noted by the crypto analyst. From 2013 until the present, XRP's performance has flattened. “Significant historical price spikes, particularly in 2017 and 2018, are visible, which we are looking at for 2024 and 2025 years as we see some movement consistency between the two cycles,” the analyst said.
These signs may indicate a price breakthrough with intriguing increasing. The crypto analyst has set price objectives if this occurs.
How High Can Prices Go?
Historical positive trends for XRP's return influenced the analyst's prognosis. The researcher notes that rallies normally follow 75% completion of these patterns. However, present patterns have achieved 88.93% completeness, signaling a long-overdue XRP breakthrough.
A surge may see prices rise 800% over $4, according to the crypto expert. A breakout from the symmetrical triangle formed at the convergence of the three moving averages is the basis for my forecast. The expert anticipates a surge to $4.5 to begin.
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