Does the price of XRP reflect the 2017 march? The analyst points to the similarities
The cause of confidence
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Galaxy encryption analyst draws similarities between the current XRP work and 2017 Bull RunWhen altcoin recorded great gains. Altcoin is expected to soon gather into double numbers, which reflects the 2017 gathering.
XRP price for double numbers because it reflects the 2017 rally
in X postGalaxy pointed out that the price of XRP can gather to double numbers because it reflects the height of 2017. Horization pattern For 2017 after 6 years of monotheism. The analyst added that the longer the unification process, the more the price of the price.
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The accompanying plan showed that XRP price It can gather to approximately $ 40 in this penetration. It seems that the analyst is convinced that Altcoin can witness such a equivalent step, bearing in mind that XRP rose by 61000 % in 280 days in 2017. The chart also showed that Altcoin would likely reach this goal at some point next year.
EGRAG Crypto also stated that he is expected to reach the price of XRP to between $ 27 and $ 33 in this market cycle. It believes that the repetition of the historical performance of 2017 makes this price to be investigating Altcoin. The analyst also referred to factors such as Xrp etfs And expanding Ripple as factories that can pay this increase in prices.
During, Veteran encrypted Raul Pal She also confirmed that the price of XRP has enough space to gather to the upward trend of its current level. He highlighted the bull mark formed in Altcoin, after the monotheism phase after the gathering of last year. The veteran expects XRP to witness a bullish continuation after this monotheism, and it may reach $ 5. This will Select a new height (ATH) for the distinctive symbol.
Altcoin in an upward stage
CobravanGuard confirmed that the price of XRP is in an upward stage, with a highlight of a Sufficler fall pattern It was formed for altcoin. He pointed out that this pattern indicates Altcoin’s capabilities to reach $ 3. However, the analyst warned that this setting could be nullified if the spacious pattern is broken with the power of the homosexual candles.
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During, Dark Defender He pointed out that the price of XRP is currently in wave B of its corrective step WAVE 2. It is expected that Altcoin can gather to the current height at all once the B and C waves are completed in this corrective wave. The analyst is also confident that altcoin can gather into long -term double numbers. He once expected Altcoin to reach $ 18 based on the analysis of Elliott Wave theory.
At the time of writing this report, the price of XRP is trading of about $ 2.38, within the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Istock, Chart from TradingView.com
