Skip to content

Analyst Predicts Potential 2017-Style Rally for XRP Fueled by Technicals and ETF Prospects

Prominent cryptocurrency analyst DonAlt has drawn parallels between XRP’s current price trajectory and its late-2017 bull run, suggesting the digital asset may be primed for a massive breakout. Technical indicators show a steady upward momentum for XRP, with the relative strength index (RSI) supporting a potential price surge reminiscent of 2017’s 1,200% rally that pushed the token to its all-time high of $3.40.

The anticipated catalyst for such a move centers on potential U.S. Securities and Exchange Commission approval of a spot XRP ETF. Market observers believe this regulatory green light would unlock substantial institutional capital, driving unprecedented demand for the asset while simultaneously enhancing price stability and reducing volatility.

Growing institutional interest already signals mounting confidence in XRP’s ETF prospects. However, DonAlt cautioned investors about inherent market unpredictability and differing macroeconomic factors compared to 2017, urging measured approach despite the optimistic technical and regulatory outlook.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Reading