XRP Price Mirrors 2017 Flash Crash Setup, Analyst Predicts Rally

An analyst has highlighted similarities between the current XRP price structure and its 2017 pattern, when the cryptocurrency experienced a flash crash on Binance. The price plummeted from $0.36 to $0.001 before skyrocketing to an all-time high above $3.00 weeks later.

XRP Mirrors Flash Crash Setup From 2017

The analyst, ‘Guy on the Earth,’ notes that XRP's current chart resembles the 2017 setup, which preceded a significant bull run.
Recently, XRP dropped from $0.24 to $0.80 amid a market-wide liquidation but has since recovered to $2.5.
Despite recovery, market sentiment remains cautious, reflecting post-crash fatigue.
Expectations are for a slight recovery, another decline, and possibly a parabolic move similar to 2017.

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XRP Macro Outlook Still Bullish

Another expert, XForceGlobal, presents a long-term bullish outlook for XRP.
The analysis shows an Elliott Wave count suggesting a renewed uptrend.
Predictions include an initial rise to $3.30, potentially reaching $24 in Wave 3 and $34 in Wave 5.
Caution is advised if prices drop below $0.6, as it could invalidate the bullish pattern.

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