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XRP’s 2017 Pattern Reemerges in 2025, Analyst Foresees Massive Rally
XRP experienced significant volatility, dropping to a low of $1.64 before rebounding to $2.36. This movement saw trading volumes increase by 164% above the 30-day average.
Historical Price Patterns
- A crypto analyst highlighted similarities between XRP's current price structure and its 2017 pattern, which preceded a massive bull run.
- In 2017, XRP's price dropped sharply before increasing by 5,361%, reaching an all-time high of $3.40 in 2018.
- The recent drop created a downside wick similar to the 2017 pattern, suggesting potential for a similar recovery.
Future Outlook
- The $2.40 and $2.00 levels are key support zones for XRP, essential for maintaining a bullish trajectory.
- If XRP mirrors past performance, it could reach approximately $13.5, contingent on increased institutional investment.
- The launch of Spot XRP ETFs could expedite investment inflows from institutional actors.
- Currently, XRP trades at $2.38, down by 22% over the past week, with possible consolidation before a potential rally.