Major Squeeze That Sent XRP Price Soaring 60,000% Returns; Will History Repeat?



Matt “The Great Mattsby” Hughes, a crypto expert, found an indication that shows XRP might grow like it did in 2017. After a long consolidation, the market is optimistic that the XRP price might achieve big gains.


Price Gain of 60,000% Possible for XRP


Hughes said on X (previously Twitter) that XRP has one of the tightest monthly Bollinger Band squeezes in its history and the crypto market. XRP gained 60,000% the previous time its Bollinger Band tightened this much, the analyst added. Hughes said XRP may reach $250.


A repeat of XRP's 2017 price rise of over 60,000% would catapult the crypto asset to such heights. Crypto researcher Crypto Bitlord has projected that XRP might reach $589.


Hughes concurs with crypto experts like Mikybull Crypto that XRP might repeat its 2017 success. Mikybull Crypto said XRP's price behavior may mimic its 2017 rise. He believed XRP may grow to $4, but he set a cautious price objective.


Dark Defender and Javon Marks predicted XRP will regain its 2017 price gains. Dark Defender projected the crypto coin may reach $18 then. Like Hughes, Marks anticipated XRP would gain 39,000% to $200.


In a recent X article, Mikybull Crypto predicted a significant XRP price move. He said XRP's rise is only beginning and would likely mirror the 2017 cycle. Given its underperformance before the year started, many crypto experts believe XRP should make that move after the market recovers.


Armando Pantejo said XRP would “absolutely” reach $20. He said that the recent rapid breakout above the upper Bolliger Band suggests a parabolic advance. He reiterated that XRP would reach $20 when, not if. Pantejo encouraged market players to prepare for launch.


Crypto expert Crypto Michael predicted one of the “biggest pumps of the year” for XRP once it breaks over $0.56.


According to CoinMaketCap, XRP is trading at $0.55, up over 4% in 24 hours.

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