Analyst to XRP Holders: The End Is Near. Here’s the Significance
Main Idea
An analyst predicts a major upward move for XRP based on a chart pattern similar to its 2017 rally, suggesting the current cycle could mirror past exponential gains.
Key Points
1. Analyst Steph Is Crypto highlights a parallel between XRP's 2017 rally and its current 2025 movement, anticipating a significant price surge.
2. The chart shows a similar duration (365 days) for both the 2017 and current cycles, with XRP completing waves 1 through 4 and advancing into wave 5.
3. Elliott Wave Theory suggests Wave 3 in 2017 saw XRP rise over 500%, and the current setup could lead to similar explosive growth.
4. The analyst's chart implies a potential target of $24 for XRP in this cycle, representing a 587.7% increase from current levels.
5. Other experts believe XRP could replicate its 2017 performance, given the historical similarities in market behavior and cycle duration.
Description
The XRP community is buzzing with excitement as analysts continue to spot bullish patterns on XRP’s chart, suggesting the asset’s rally is not over. Steph Is Crypto (@Steph_iscrypto), a widely followed analyst on X, has shared a chart showing that XRP may now be in the final phase of its current bull cycle. The chart, which overlays historical and current price action, suggests a compelling parallel between the 2017 rally and the ongoing move in 2025, and anticipates a major upward move from cur...
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