XRP Sustains Growth Despite Market Challenges
According to an analyst, the current uptrend in XRP is still in its early stages. The analyst expects XRP to experience massive growth, similar to its performance in 2017. In November, XRP surged by 283% and has maintained its momentum in December with an additional 19% gain, despite broader market declines.
In comparison, Bitcoin (BTC) has risen only 3.55% this month, and Ethereum (ETH) has gained 5.68%, highlighting XRP’s strong performance relative to its competitors.
History Repeats Itself: Fractals from 2017
CryptoWZRD, a prominent market analyst, highlighted similarities between the current XRP trend and its 2017 rally. At that time, XRP formed long-term symmetrical triangles where previous resistance levels turned into support, leading to significant price surges.
In 2017, XRP experienced:
A 284% increase in March, followed by a short-term correction of 44% in April.
A massive recovery and extended rally from May to January 2018, ultimately reaching its all-time high (ATH) of $3.3.
XRP Rally: Just the Beginning
CryptoWZRD believes a similar fractal pattern is unfolding in 2024. Following a 283% surge in November, XRP is now facing some bearish pressure, but it is showing stronger resilience compared to the equivalent phase in 2017.
The analyst noted that XRP has already flipped its previous resistance into a new support level, signaling that the current rally is just getting started. CryptoWZRD predicts XRP could reach new ATHs in the coming months.
“If you think it’s over, you’re wrong. It’s just beginning,” the analyst stated.
Target Prices for XRP
Some analysts predict XRP could reach $11 during this bull cycle, while others set a more ambitious target of $27. If XRP continues to follow the 2017 fractal pattern, it could enter a long-term bullish phase with substantial growth potential.
The broader bull market, led by Bitcoin, is still in its early stages, according to most analysts, and could extend until Q4 2025. For XRP, this could mean an extended period of growth and a stronger market position.
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