News View Non-AMP

2017-Style Surge for XRP Price? Analyst Predicts Explosive Rally Soon

Published by
Mustafa Mulla

XRP, like many other cryptocurrencies, has been caught in a trading slump, its price confined to a narrow range. But there’s still a glimmer of hope.

Renowned crypto analyst Mikybull Crypto has issued a bombshell prediction: XRP’s chart is a ticking “technical time bomb,” poised to explode. Will XRP price burst like it did all the way back in 2017?

2024 vs 2017: XRP Analysis

In a recent tweet post, Mikybull compared today’s price movements of XRP to those from 2017. He shared a long-term chart that shows XRP’s price is now stuck in a tight range. Historically, when XRP has been in this situation, it often leads to a big price increase, making many investors hopeful for a breakout soon. 

Meanwhile, “It’s looking like a 2017 kind of price action formation,” Mikybull noted, recalling the explosive rise XRP experienced after a similar period of stability seven years ago.

In 2017, XRP experienced a period of stable, low volatility trading before it suddenly skyrocketed to an all-time high. However, the trend reversed in 2018, leading to different price patterns in the following years.

Currently, XRP’s chart displays a compression of the Bollinger Bands, an indicator of market volatility. Historically, when these bands tighten, it signals that an asset is gearing up for a substantial price move. This has many analysts making bold XRP price predictions, anticipating significant movement soon.

Key Triangle Pattern: Which Way Will XRP Move?

XRP is also trading within a large triangle pattern, getting close to a crucial breaking point. While analysts agree that the breakout could go either way, most expect it to move upward. Some skeptics point out possible risks, but the overall view is that the downside for XRP seems limited.

Mikybull is optimistic, calling XRP a “technical time bomb” ready to explode. Though he didn’t specify exact price targets in this analysis, he has previously suggested a target of $4. Other analysts have even higher targets, some as high as $300, based on XRP’s massive rally of over 75,000% in 2017.

What’s Next for XRP?

Currently, XRP is priced at $0.58, down 84.75% from its all-time high of $3.40. As excitement builds in the community, the big question remains: is XRP about to make a significant breakout? The coming days will be crucial as investors watch closely to see how XRP handles this pivotal moment.

Also Check Out: XRP Price Predictions for 2025: What Happens if Bitcoin Surges to $150K?

The XRP community is buzzing with excitement. Are you on board, or are you staying cautious? Let us know your take.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Stablecoin Regulation in the U.S. to be Decided by May 26 with GENIUS Act

Senate Majority Leader John Thune has informed Republican lawmakers that a vote on the GENIUS…

April 30, 2025

Pi Network Rally Soon? BitMart Resumes Pi Coin Trading, Banxa Creates Thousands of New Accounts

The price of Pi Coin (PI) has slipped below the key $0.60 level, falling by…

April 30, 2025

New Cboe Bitcoin Futures (XBTF) Offer More Flexibility for Crypto Traders

To meet the rising demand for crypto derivatives, CBOE Global Markets has launched new Bitcoin…

April 30, 2025

Ripple News: SEC’s Paul Atkins Could Still Object ProShares’ XRP ETF Filing

There has been a lot of buzz online this week about ProShares launching an XRP…

April 30, 2025

SEC Puts XRP ETF Decision on Hold, Ripple Settlement Could Decide What’s Next

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Franklin…

April 30, 2025

Trump Media To Launch Utility Token and $250M ETF Push

Trump Media and Technology Group, the parent company of Truth Social and Truth Plus, is…

April 30, 2025