• About Us
  • Privacy Policy
  • Contact Us
Subscribe
BitcoinCryptos - News About Bitcoin & Cryptos
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
BitcoinCryptos
No Result
View All Result
Home Market

Analyst Says Repeat Of 2017 Could Drive Rally

September 5, 2024
in Market
0
Analyst Says Repeat Of 2017 Could Drive Rally
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Crypto analyst Dark Defender has predicted that the XRP price could rise to $8 and explained what could spark such a parabolic rally for the crypto. As part of his bullish prediction, the crypto analyst also revealed what could lead to XRP rising to $18. 

XRP Price To Rise To $8 If Repeat Of 2017 Bull Run Occurs

Dark Defender predicted in an X (formerly Twitter) post that XRP would rise to $8 if a repeat of the 2017 bull run were to occur. Back then, XRP recorded a price rally of 61,000% in 280 days to its current all-time high (ATH) of $3.84.

Related Reading

The crypto analyst seemed confident about this 2017 price surge happening again, stating that the XRP community is having a “deja vu of 2017 by standing weeks in front of the XRP bull run.”

XRP 1
Source: X

Dark Defender added that if a similar run is in place, $18.22, the Fibonacci level of 361.80%, is expected to be the upper target level of XRP’s Wave 3 impulsive move. From the accompanying chart, this projected move to $8 and possibly $18 is expected to occur sometime between October and early 2025. 

The crypto analyst also provided an analysis of XRP’s current price action and highlighted critical support levels XRP needs to hold above if it is to rise to this unprecedented height. Firstly, he noted that the crypto has been consolidating between $0.3917 and $0.6649. Meanwhile, in the weekly time frame, XRP’s relative strength index (RSI) dips have formed a parallel with price dips. At the same time, the weekly RSI Golden Cross is said to be in place.  

Dark Defender again highlighted the importance of the $0.6649 price level. He claimed that this level, above the weekly Ichimoku clouds, is a “crucial marker” that must be in place before XRP makes its parabolic run. The analyst also noted that $0.5286 and $0.4623 are critical support levels, which XRP holders should keep an eye on. 

XRP Could Rally By 5,000% And Rise To $27

Crypto analyst Egrag Crypto has also offered a more bullish price prediction for XRP, suggesting that the crypto could enjoy a 5,000% price gain and rise to $27. As a more conservative price prediction, he remarked that XRP could enjoy a 2,400% price gain and climb to $17. He made these predictions based on the Bullish Hammer Candle Stick formations, which he noted have historically produced massive price gains for XRP.

Related Reading

XRP 2
Source: X

This isn’t the first time Egrag has predicted that XRP could rise to as high as $27 in this bull run. In November last year, he mentioned that this price level was a “plausible” target, especially if the crypto repeats its 2017 bull rally.  

At the time of writing, XRP is trading at around $0.55, down over 2% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com
XRP price struggles to hold up | Source: XRPUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



Source link

Related articles

First US Staked Crypto ETF Launches, Offering Solana and Yield

First US Staked Crypto ETF Launches, Offering Solana and Yield

June 30, 2025
Texas Makes Gold, Silver Legal Tender Following Governor’s Approval

Texas Makes Gold, Silver Legal Tender Following Governor’s Approval

June 30, 2025
Tags: AnalystDriveRallyrepeat
Share76Tweet47

Related Posts

First US Staked Crypto ETF Launches, Offering Solana and Yield

First US Staked Crypto ETF Launches, Offering Solana and Yield

June 30, 2025
0

The first US staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana (SOL) and earn...

Texas Makes Gold, Silver Legal Tender Following Governor’s Approval

Texas Makes Gold, Silver Legal Tender Following Governor’s Approval

June 30, 2025
0

Some Texas residents are already expressing skepticism about a recently passed law recognizing gold and silver as legal tender in...

Where Are We In the Bitcoin Cycle? Analyst Lyn Alden Shares Her View

Where Are We In the Bitcoin Cycle? Analyst Lyn Alden Shares Her View

June 30, 2025
0

Bitcoin has been stuck just above $100,000 for months and the question now is whether that level marked the top...

Robinhood Expands Tokenization Push With EU Stock Tokens and Layer-2 Blockchain

Robinhood Expands Tokenization Push With EU Stock Tokens and Layer-2 Blockchain

June 30, 2025
0

Robinhood’s push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing...

Bitcoin Dices With Liquidity as the Q2 Close Looms

Bitcoin Dices With Liquidity as the Q2 Close Looms

June 30, 2025
0

Key points:Shorts looked primed to be taken out, analysis argues, with a long-term resistance trend line in focus.Fed Chair Jerome...

Load More
Here’s What Needs to Change for Bitcoin to Reach $110K: Santiment

Retail Bets Big on BTC While ETH Floods Binance

June 30, 2025
0

There have been diverging signals across crypto markets and US politics. Ethereum (ETH) deposits to Binance have continued for five...

First US Staked Crypto ETF Launches, Offering Solana and Yield

First US Staked Crypto ETF Launches, Offering Solana and Yield

June 30, 2025
0

The first US staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana (SOL) and earn...

MicroStrategy Buys 4,980 BTC for $531M, Saylor Denies Rumors

MicroStrategy Buys 4,980 BTC for $531M, Saylor Denies Rumors

June 30, 2025
0

Key NotesAs of June 29, 2025, Strategy's Bitcoin holdings stand at 597,325 BTC, purchased for a cumulative $42.4 billion at...

$389M in Token Unlocks Set to Shake Crypto Markets This Week

SUI, SOL Headline $484M Token Unlock Wave This Week

June 30, 2025
0

Traders are bracing for potential selling pressure as early investors and project treasuries gain access to massive, previously locked holdings....

Texas Makes Gold, Silver Legal Tender Following Governor’s Approval

Texas Makes Gold, Silver Legal Tender Following Governor’s Approval

June 30, 2025
0

Some Texas residents are already expressing skepticism about a recently passed law recognizing gold and silver as legal tender in...

We have all the news related to the crypto market and we make sure to bring and publish all the updates as fast as we can.

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • 2025
  • 2024
  • 2023
  • 2022
  • 2021

Newsletter

    • About Us
    • Privacy Policy
    • Contact Us

    © 2021 bitcoincryptos.com

    Please enter CoinGecko Free Api Key to get this plugin works.
    No Result
    View All Result
    • Home
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Cryptocurrency
    • Blockchain
    • Regulation
    • Market
    • Prices

    © 2018 JNews by Jegtheme.