Analyst Predicts XRP May Repeat 2017’s 1200% Rally as ETF Hype Builds Again
- DonAlt identifies similar consolidation patterns between 2017 and the current cycles.
- XRP surged nearly 1,200% between Dec 2017 and Jan 2018, hitting a record high of $3.84.
- XRP ETF approval could serve as a catalyst for the next parabolic move.
Cryptocurrency analyst DonAlt has predicted that XRP could replicate its 2017 performance with a potential 1,200% rally, based on similar market patterns. Back then, the token skyrocketed nearly 1,200% between December 2017 and January 2018, hitting an all-time high of $3.84 that remains unbroken. The move followed months of consolidation before the explosive breakout that captured global attention.
DonAlt identifies comparable consolidation patterns in XRP’s current price action following recent breakout attempts. The analyst suggests that if historical patterns repeat, XRP may retest its previous all-time high before initiating another parabolic rally.
Market Conditions Differ From the 2017 Environment
The current market situation presents different challenges and opportunities compared to the 2017 cryptocurrency b…
The post Analyst Predicts XRP May Repeat 2017’s 1200% Rally as ETF Hype Builds Again appeared first on Coin Edition.
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Analyst Predicts XRP May Repeat 2017’s 1200% Rally as ETF Hype Builds Again
- DonAlt identifies similar consolidation patterns between 2017 and the current cycles.
- XRP surged nearly 1,200% between Dec 2017 and Jan 2018, hitting a record high of $3.84.
- XRP ETF approval could serve as a catalyst for the next parabolic move.
Cryptocurrency analyst DonAlt has predicted that XRP could replicate its 2017 performance with a potential 1,200% rally, based on similar market patterns. Back then, the token skyrocketed nearly 1,200% between December 2017 and January 2018, hitting an all-time high of $3.84 that remains unbroken. The move followed months of consolidation before the explosive breakout that captured global attention.
DonAlt identifies comparable consolidation patterns in XRP’s current price action following recent breakout attempts. The analyst suggests that if historical patterns repeat, XRP may retest its previous all-time high before initiating another parabolic rally.
Market Conditions Differ From the 2017 Environment
The current market situation presents different challenges and opportunities compared to the 2017 cryptocurrency b…
The post Analyst Predicts XRP May Repeat 2017’s 1200% Rally as ETF Hype Builds Again appeared first on Coin Edition.
Read More
XRP (XRP) Price Prediction for July 4