Could XRP Price Reach $10 If Ripple Rallies Like It Did in 2018?

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As a seasoned crypto investor with memories of the 2017-2018 bull run still fresh in my mind, I find myself intrigued by the recent parallels being drawn between XRP‘s current trajectory and its meteoric rise of yesteryears. Back then, one XRP was worth mere fractions of a cent, and today it hovers around the $0.62 mark – a significant increase, albeit still far from the dizzying heights of $3.31 it scaled in 2018.

Due to its latest developments, the price of XRP has regained attention among investors, and some are making comparisons to the massive crypto surge of 2017-2018, where the worth of XRP soared up to an impressive 57,000%!

Could we be at the threshold of another great upsurge?

XRP Price Déjà Vu: Is Another 57,000% Surge Coming?

2017 saw XRP trading for mere fractions of a cent. However, by the start of 2018, its value soared as high as $3.31. This significant rise was fueled by market speculation, increasing adoption, and the general surge in the cryptocurrency market. Consequently, it provided exceptional returns to early investors.

Glancing at its current state, the price of XRP appears quite encouraging. Some analysts believe that the market conditions we’re experiencing now share resemblance with the bullish trend witnessed between late 2017 and early 2018.

The cryptocurrency XRP has experienced unusually low volatility levels, which historically can signal significant price changes. Moreover, technical indicators like the narrowing of Bollinger Bands suggest a potential major price surge might be imminent.

According to renowned cryptocurrency expert and trader Javon Marks, the behavior of XRP is showing striking similarities to its pattern prior to the monumental 57,000% surge between 2017 and 2018. He speculates that this price trend may be poised for another significant increase, potentially reaching levels not experienced in the past six to seven years.

Could XRP Price Reach $10 If Ripple Rallies Like It Did in 2018?

Analyst Predicts $22 Trillion Market Cap

In the period between 2016 and 2017, the tightest squeeze in XRP‘s Bollinger Band Width (BBW) occurred. During this time, the price of XRP remained quite stable within a narrow range from approximately $0.0050 to $0.0090. Following this period of consolidation, there was a significant surge in price by an astounding 66,000%. This surge was followed by a substantial increase in monthly volatility, rising from 66.50 to an impressive 982.22.

Could XRP Price Reach $10 If Ripple Rallies Like It Did in 2018?

During the current consolidation stage of XRP, it has persisted longer than the one experienced during the 2016-2017 timeframe, with lower monthly volatility. Some analysts think a significant price surge could occur imminently. For instance, Analyst Tony Severino suggests that the monthly Bollinger Bands for XRP are currently tighter than before the massive 60,000% rally that concluded in early 2018.

David Schwartz, Ripple‘s Chief Technology Officer (CTO), has emphasized the impressive growth trajectory of XRP over the past seven years. In fact, the value of XRP has skyrocketed an astounding 1500% since it first entered the market.

With the recent increase in popularity of XRP, well-known cryptocurrency analyst JackTheRippler has expressed a very positive outlook for the coin’s market value. He predicts that the market cap of Ripple could experience significant growth over the next two years, generating increased excitement among investors.

Could XRP Price Reach $10 If Ripple Rallies Like It Did in 2018?

Additionally, he foresaw that the market value of XRP could surge to an astounding $4.897 trillion, followed by a correction. Subsequently, he anticipates that the token’s market value will expand over the long term and surpass $22 trillion.

Ripple’s XRP: Primed for a Breakout in 2025?

Multiple elements could contribute significantly to the surge in XRP‘s price. Initially, Ripple’s high-profile lawsuit against the SEC resulted in a favorable decision, which increased investor confidence and subsequently the desire for XRP. Additionally, robust adoption by conventional financial institutions serves as a solid foundation for future growth.

In a broader perspective, potential benefits for XRP may arise from various scenarios, one of which is the implementation of cryptocurrency-friendly regulations in the United States after the re-election of Donald Trump. This could occur if predictions by Polymarket and Robert Kiyosaki are to be believed.

It’s possible that a surge in XRP might not occur immediately, but rather around August 2025, as this is when the lines of its triangle pattern are expected to intersect.

At present, if the price of the coin falls significantly below its current downward trendline, it might contradict the long-term bullish outlook. Moreover, the overall feeling towards the crypto market is quite optimistic, as investors are on the lookout for their next profitable investment opportunity. However, it’s crucial to remember that predicting the future of any cryptocurrency carries a high degree of risk. Nevertheless, the indications for a potential XRP comeback appear very promising.

Currently, as I’m typing this, XRP – the seventh-largest cryptocurrency by market capitalization – was being traded at approximately $0.62. Despite a 1.41% decrease in its price over the past day, it has seen a nearly 6% increase in value over the last week. In the same 24-hour period, XRP’s trading volume exceeded an impressive $1.53 billion.

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2024-10-01 20:37