XRP Price Signals Potential for 20x Rally Similar to 2017

XRP is experiencing price fluctuations between $2.195 and $2.25, following a correction from a peak of $3.3 in January. Despite this, a strong bullish sentiment persists on higher timeframes.

Technical Analysis Highlights

XRP is showing a bullish setup on the 2-month candlestick chart.
The cryptocurrency has broken out from a long-term triangle pattern established since 2018.
A bullish crossover on the RSI indicates ongoing bullish momentum.
Analysts suggest a potential 20x price surge based on historical patterns.

Stochastic RSI Signals

A Stochastic RSI cross above 80 provides additional evidence for a bullish trend.
This crossover was last observed in 2017 before XRP's significant rally.
If similar growth occurs, prices could target around $45, despite being considered ambitious given current market conditions.

Currently, XRP is trading at $2.2.