XRP Set for 2017-Style Rally with Potential Target of $27
Crypto analyst Chart Nerd predicts that XRP may replicate its 2017 rally, potentially reaching up to $27.
- XRP is expected to avoid dropping below $0.50 and maintain a price above $2.
- Potential price targets include $8, $13, $15, and $27 based on Fibonacci extensions.
- Historical Q4 rallies have shown significant returns: 426% in 2014, 1,064% in 2017, and 240% in 2024.
- Upcoming XRP ETFs could boost the altcoin's price, similar to past impacts on BTC and ETH.
- ISO 20022 global adoption by November 22 could positively influence Ripple and XRP.
Other analysts suggest:
- Mikybull Crypto sees a potential XRP surge to $21, with conservative targets between $6 and $10.
- Egrag Crypto highlights possible rallies to $33 or $17, based on previous gains in 2017 and 2021.
Current XRP trading price is approximately $2.96, experiencing a 2% decrease in the last 24 hours.
