XRP Price On Its Way To $10 In Only 3 Months If It Follows This Pattern

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As a seasoned analyst with over two decades of experience in financial markets, I have witnessed numerous price movements that seemed impossible yet unfolded before our very eyes. While the XRP‘s current trajectory may seem far-fetched to some, I find the analysis by Cryptoinsightuk compelling and noteworthy.

Over the past 24 hours, the price of XRP has persistently dropped, now settling near $2.2. However, financial analysts remain optimistic that XRP could hit new record highs in the coming days, with some even predicting it might soar to double-digit figures at $10 and above. Notably, crypto expert Cryptoinsightuk has expressed his views on the social media platform ‘X’, suggesting a possible blueprint for XRP to reach such an ambitious goal.

Mirroring The 2017 XRP Price Pattern

cryptoinsightuk provides an interesting take on the recent correction and subsequent rise of XRP’s price trend, noting similarities to its pattern from 2017. In the beginning of 2017, XRP experienced a brief period of consolidation. However, this was followed by a robust surge that continued well into the next year.

Considering the context, Cryptoinsightuk’s technical analysis adjusted the price movements around that time based on XRP’s earlier October breakout. If XRP adheres to its 2017 trend, this cryptocurrency might mirror a significant surge throughout 2025.

Remarkably, the analyst’s comparison of the 2017 price trends with XRP’s recent move indicates that the 460% surge from its October start at $0.5 has already covered half of the similar pattern. If this trend persists, the analyst anticipates XRP could surpass $10 by the first quarter of 2025.

If Cryptoinsightuk’s predictions hold true, the price of XRP may exceed the initial $10 target set for Q1 2025. In fact, if XRP’s price trend continues as it has historically, the analyst foresees a significant increase, which he refers to as a “moonshot bubble top.” This stage, marked by a dramatic spike in price, could potentially propel XRP to reach $35 by the end of 2025 or even earlier.

Factors To Push XRP’s Bullish Trajectory

According to CryptoinsightUK’s positive prediction for XRP, they believe that the cryptocurrency could mirror its impressive growth from 2017. During that time, XRP experienced a dramatic increase in value, rising from nearly $0.0060 to an all-time high of $3.40. This represents a massive gain of around 56,000% over approximately 12 months.

While XRP is currently in a positive market sentiment to continue a strong bullish move, market conditions in 2024 are different from those in 2017. Furthermore, the amount of inflow capital needed to reach $10 or $35 at this point would be far greater than what it took to reach $3.4 in 2018. 

Yet, growing institutional interest and anticipation of favorable politics and regulations in 2025 might foster a similar price hike for XRP. Furthermore, the overall trend within the crypto market, including Bitcoin‘s performance, may also play a significant role in driving the projected XRP price growth.

Currently, XRP is being exchanged for approximately $2.18 per unit. If we aim for the price targets of $10 and $35, that would equate to potential increases of 358% and 1,505%, respectively.

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2024-12-23 11:10