XRP Price Coulds Repeat Legendary 61,000%
Surge Like 2017, Analyst Claims.
Prominent crypto analyst
Crypto insight UK has given his thoughts
on whether or not the XRP price can
replicate the notable 61,000% gain it
enjoyed back in 2017. Although the
analyst sounded uncertain about how
things could pan out, he provided insight
as to what the future holds for XRP.
XRP Price Repeating 61,000% Move Will Be
Harder.
In a post on his X (formerly Twitter) platform,
Crypto Insight UK highlighted how XRP
exploded in 2017. The crypto token is said to
have seen a 61,000% gain in 280 days. As to
whether a repeat can happen, he mentioned
that it would be harder as the market cap
would have to be huge. He didn't rule it out,
though, as it would be possible with "real-
world utility."
The crypto analyst seemed to be more
focused on talking about the XRP price
potential rather than talking about how
high the token could rise. He alluded to
the hate that XRP receives and how when
people feel such a way, there is probably
"value" in that asset. He also highlighted
other factors that make the token stand
out.
Crypto insight UK mentioned that "XRP has
had another 3 years of consolidation to most
other cryptos." This places the token on a
higher pedestal as it bounded to enjoy
expansion from a technical analysis
angle.
The analyst also spoke about how XRP is the
only crypto token that has overtaken
ETH in market cap on more than one
occasion. On one of them, it enjoyed
about 20% market share in the total
crypto market cap.
The crypto analyst was quick to disclaim
whether that meant he was suggesting
that the XRP price could achieve these
feats again. He stated that only time will
tell as he wasn't making any point but
only sharing his thoughts.
