Analyst Says XRP Will Teleport to $30+. Here’s the Timeline
2025-06-29 17:25:38
Main Idea
Analyst Steph predicts XRP could surge to $30+ based on technical analysis comparing current price action to the 2017 cycle, identifying key liquidity levels and a potential breakout.
Key Points
1. Steph's analysis compares XRP's current price action to the 2017 cycle, suggesting a similar breakout could occur.
2. XRP's price liquidated many positions below $2, with the next key liquidity cluster at $2.35, likely to be tested next.
3. A projected breakout from a long-term wedge could lead to a sharp price move, with Steph's chart projecting above $30.
4. The 2017 cycle saw XRP surge rapidly after breaking free from multi-year consolidation, and Steph draws a parallel to the current situation.
5. XRP rose from $0.55 to $3.39 between November 2024 and January 2025, aligning with Steph's bullish predictions.
Description
A recent analysis by Steph (@Steph_iscrypto), a well-known market analyst on X, has reignited the conversation around XRP’s long-term trajectory. In a chart comparing current price action with the 2017 cycle, Steph highlights an apparent structural similarity that could mark the beginning of XRP’s next major breakout phase. The chart presents two distinct consolidation patterns. The first, visible in the 2014–2017 period, ended with a breakout that led to XRP’s all-time high in early 2018. The s...
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