Several analysts have observed that XRP is very similar to its 2017 patterns, suggesting a promising future for the asset.
One of these analysts, Charting Guy, a widely respected technical expert, has highlighted key pivot dates in the 2017 XRP fractal.
According to him, XRP could reach a new all-time high in its next rise if it continues to follow the path it has taken since last month. He speculated that this could happen as early as January, less than two weeks.
XRP Now vs 2017
Notably, XRP’s historic bull market in 2017 gained momentum between November and December, with the asset hitting its all-time high in the first week of January. During this period, XRP rose from $0.1838 to $3.84, a massive 1,989% increase in ten weeks.
In comparison, XRP is already up 491% from November to December this year, from $0.49 to $2.90. Currently, XRP is in a consolidation phase, with market analysts expecting a major breakout towards a new all-time high.
Bold predictions for XRP based on 2017 patterns
Crypto Vilian, a Cambridge-based market analyst, also identified promising signs for XRP based on market structure in 2017. He pointed out the sequence of a bearish decline, recovery, consolidation and subsequent breakout that reflects the current situation for XRP.
Its chart suggests that if the bulls return, XRP could reach a market cap of $1.05 trillion. This high market cap corresponds to a floor price of around $17 for XRP.
However, Vilian noted that this bullish outlook relies heavily on Bitcoin’s performance. He also identified potential price levels…
