XRP Price Could Reach $10 If Historical Patterns Repeat
Crypto analyst ArShevelev suggests the XRP price could reach $10 if historical trends repeat, similar to its 2017 rally. Key points include:
- XRP's current price action resembles the 2014-2018 cycle.
- The altcoin struggles with resistance at $3.31, reminiscent of the 2017 breakout phase.
- A breakout could lead to significant price increases, while failure may result in a decline to lower supports.
- Key levels to monitor: major resistance at $3.31 and support at $1.643, with a breakdown risk at $0.650.
Analyst Ali Martinez emphasizes the need for XRP to break out of its current range ($2 and $2.26) for establishing the next trend. He currently favors a downtrend, suggesting a potential short-term retracement due to sell signals on the TD Sequential indicator. Meanwhile, CasiTrades notes possible corrections but sees potential for new highs as momentum builds. At present, XRP is trading at approximately $2.17, up nearly 2% in the last 24 hours.
