Analyst Says XRP Is Lining Up for 2,000% Price Explosion. Here’s What Was Discovered
Main Idea
An analyst suggests XRP could experience a 2,000% price surge, drawing parallels to Ethereum's 2017 rally based on similar chart patterns and recent breakout signals.
Key Points
1. Analyst STEPH IS CRYPTO compares XRP's current price structure to Ethereum's 2017 setup, which preceded a 20x rally.
2. XRP's chart shows consolidation between $1.70 and $3.60, with a recent breakout above the upper boundary, signaling potential for a parabolic move.
3. XRP is currently trading at $3.17, with technical resistance observed at the $3.40–$3.60 zone.
4. A key catalyst for XRP's potential rally is the resolution of Ripple's legal battle with the SEC, which could attract new institutional investment.
5. The analyst's prediction hinges on XRP replicating Ethereum's 2017 trajectory, though market conditions and fundamentals will play a role.
Description
A recent market analysis by STEPH IS CRYPTO has sparked excitement among XRP investors after drawing striking parallels between Ethereum’s explosive rally in 2017 and XRP’s current price structure. According to Steph, XRP’s chart pattern is mirroring Ethereum’s setup just before a 20x rally, suggesting the cryptocurrency could be positioned for a potential 2,000% price surge. Chart Comparison: Ethereum vs. XRP In the side-by-side charts shared on X, Ethereum’s 2016–2018 price action shows a prol...
Latest News
- Ripple President Monica Long States Major Benefits of RLUSD2025-08-12 18:08:06
- A Break Above This Level May Unleash XLM Rally As Shorts Get Wiped Out2025-08-12 17:26:00
- Analyst Says XRP Is Lining Up for 2,000% Price Explosion. Here’s What Was Discovered2025-08-12 16:22:03
- Analyst Expects $4.40 XRP Price to Come In Haste. Here’s why2025-08-12 15:46:25
- Ethereum Soars — OurCryptoMiner Launches ETH Contracts, Bringing Stable Returns to Cryptocurrency Investors2025-08-12 15:28:30