Analyst XRPJunkie provides a new update on XRP price predictions, examining historical fractals and their effect on the current market dynamics.
Potential Deviations from the Fractal
In his latest post, XRPJunkie noted that XRP may deviate from the fractal covering the period from August to December 2024. However, the analyst remains open to the possibility of a repeat of the structure observed during the 2017 bull market. According to him, this could mean about 40 more days of sideways trading before a sharp increase in late June or early July.
Comparison with 2017 Price Dynamics
XRPJunkie's previous analysis was published on April 28, where he overlaid XRP's price movements from May to December 2017 onto the current charts. In that post, he emphasized how 'the current price movement is almost identical to 2017' and referenced a 208-day accumulation phase preceding XRP's historical breakout in late 2017.
Using Fractals in Analysis
The analyst also clarified that fractals serve as an effective tool for long-term analysis. He believes that if XRP follows the 2017 structure, it may lead to a period of sideways movement until June, setting the stage for a future sharp upward move. It is important to note that such interpretations are speculative and do not constitute financial advice.
Although the future price of XRP remains uncertain, the upcoming 40 days may be crucial for confirming or refuting the analysts' predictions.
