XRP Analyst Predicts 2017-Style Bull Run with $10.47 Target

Dark Defender, a crypto chartist, suggests that XRP is entering a high-momentum phase similar to its 2017–2018 surge. Key points include:

XRP's current monthly chart structure mirrors its 2017 template with candles closing above previous highs and strong RSI levels.
The 2021 period was characterized as a corrective phase with weakened momentum and structural supports.
A crucial break in November 2024 indicated a shift back to an impulsive regime with price reclaiming key technical indicators such as the Ichimoku Cloud and EMA baseline.
Dark Defender anticipates continued bullish momentum, comparing it to the 2017 impulsive wave structure.
A projected price target of $10.47 was shared, aligning with an anticipated wave-5 structure.

Currently, XRP is trading at $2.80. The analyst remains optimistic about XRP's future potential, relying on technical signals to support this view.