• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analysis: XRP and the Potential to Repeat 2017

user avatar

by Giorgi Kostiuk

a year ago

Analyst Steph from Crypto analyzed XRP's market movements, revealing similar technical patterns and historical data suggesting potential growth.

XRP's Current Market Movements

The analyst identifies similarities in XRP's market behavior now and its movements before the 2017 rally, including a higher low on the weekly chart indicating bullish potential.

Price Targets and Historical Benchmarks

The video outlines ambitious targets for XRP, speculating history could repeat. If XRP mirrors its 2017 trajectory, it may reach $157, though a conservative $30 target is suggested based on current signals.

Technical Indicators and XRP's Prospects

Key technical signals support potential rally. The formation of a double-bottom and break above downward resistance are bullish developments.

The analysis highlights XRP's bullish potential and its unique market position due to use in cross-border payments. However, traders should remain cautious and monitor market structure changes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

New Hope for XRP Price as Clarity Act Meeting Scheduled

chest

A closed-door meeting regarding the Clarity Act Bill is set for February 10, potentially revitalizing XRP's market position.

user avatarArif Mukhtar

Cardano's Price Decline Signals Changes in Derivatives Market

chest

Cardano ADA's price has significantly dropped to 0.22, reflecting a decline in its derivatives market as Open Interest plummets due to increased volatility and the unwinding of leveraged positions.

user avatarMaria Gutierrez

CZ Zhao Urges Crypto Community to Take Responsibility

chest

CZ Zhao urges the crypto community to take personal responsibility for trading decisions, emphasizing that blaming exchanges or influencers is counterproductive in a volatile market.

user avatarDavid Robinson

Technical Indicators Show Cardano ADA Struggling

chest

Technical indicators reveal that Cardano ADA is struggling to break above key resistance zones, indicating a bearish bias.

user avatarJacob Williams

Cardano ADA Faces Selling Pressure Amid Institutional Interest

chest

Cardano's native token ADA is facing selling pressure while attracting institutional interest, trading around 0.27.

user avatarAndrew Smith

Phantom Issues Warning on Phishing Risks in Chat Features

chest

Phantom has issued a warning about the rise of phishing attacks targeting users through chat features in trading platforms.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.