2017-Style Surge for $XRP Price? Analyst Predicts Explosive Rally Soon - CoinPedia Analytics

Irma - Sep 21 - - Dev Community

XRP has been stuck in a trading slump, but crypto analyst Mikybull Crypto predicts a major price move, comparing current patterns to 2017. Back then, XRP experienced low volatility before skyrocketing to an all-time high. Now, the compression of Bollinger Bands indicates a similar substantial move may be on the horizon.

XRP is also trading within a large triangle pattern nearing a breakout point. While a move could go either way, most analysts are optimistic about an upward trend. Mikybull called XRP a "technical time bomb," predicting significant movement, with some analysts targeting as high as $4.

Currently priced at $0.58, down 84.75% from its peak of $3.40, XRP’s future remains uncertain, but investors are watching closely for a potential breakout in the coming days.

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