XRP History Is Repeating. Here’s What Is Coming
Main Idea
XRP's current price patterns resemble its 2017 rally setup, with analysts predicting a potential surge to $12.50 if historical trends repeat, supported by technical signals and Ripple's expanding global initiatives.
Key Points
1. XRP's current price patterns mirror its 2017 setup, which led to a 50,000% surge from $0.006 to over $3.
2. Analyst STEPH IS CRYPTO highlights a breakout from a triangular consolidation phase above the 50-week moving average, similar to 2017.
3. A potential rally toward $12.50 is predicted if the pattern continues, though resistance near $3.30–$3.70 must be breached.
4. Ripple's global expansion, including its cross-border payment network and RLUSD stablecoin, supports XRP's upward trend.
5. On-chain data shows rising wallet activity, with XRP gaining nearly 8% weekly and 22% monthly.
Description
XRP may be on the verge of repeating one of the most remarkable bull runs in crypto history. According to analyst STEPH IS CRYPTO, current price patterns are closely mirroring the setup that led to XRP’s explosive rally in 2017 , when it surged from just $0.006 to over $3, marking a jaw-dropping 50,000% gain. If history is truly repeating, XRP could be gearing up for another powerful breakout. A Technical Déjà Vu In a recent post on X, STEPH IS CRYPTO shared a side-by-side comparison of XRP’s 20...
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