• 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

Crypto Mining Stocks Surge Following Meta's AI Infrastructure Announcement

chest

Crypto mining stocks surged following Meta's announcement of a large-scale AI infrastructure initiative.

user avatarMohamed Farouk

OG Bitcoin Miner Resurfaces with 2,000 BTC Move

chest

An early Bitcoin miner has moved 2,000 BTC, marking significant activity from this cohort.

user avatarKenji Takahashi

Cameron Fous Achieves $302,000 Profit from XRP Trade

chest

Prominent trader Cameron Fous achieved a profit of approximately $302,000 from a well-planned XRP trade executed within 14 days, highlighting the importance of structured trading strategies.

user avatarElias Mukuru

Shiba Inu Prints Rare Short-Term Bullish Crossover

chest

Shiba Inu has recently printed a mini golden cross, marking its first significant bullish signal in weeks.

user avatarDiego Alvarez

XRP Faces Resistance Below Major Moving Averages

chest

XRP continues to trade below critical moving averages, indicating a bearish trend despite a recent rebound.

user avatarMaria Fernandez

Dunamu's Record Fine Sets Precedent for VASPs

chest

The recent 352 billion won fine imposed on Dunamu, the operator of the Upbit exchange, sets a powerful precedent for compliance expectations within the VASP sector.

user avatarGustavo Mendoza

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.