Crypto Analyst Says XRP Price Is Mirroring 2017 Cycle, “$27 Then $120”
The post Crypto Analyst Says XRP Price Is Mirroring 2017 Cycle, “$27 Then $120” appeared on BitcoinEthereumNews.com. Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP is gearing up for a surge to $120, according to popular crypto analyst EGRAG CRYPTO. Taking to social media platform X, the analyst shared a fresh chart detailing a bullish outlook for XRP, suggesting that the cryptocurrency is retracing a path similar to its explosive 2017 rally. This time, however, the trajectory could be even more dramatic, as the chart accompanying his post outlines a long-term Elliott Wave formation that points first to $27 and eventually to a staggering $120 price tag. Echoes of 2017: XRP Retracing Cycle That Took Price To All-Time High The 2017 bull cycle is one of the most iconic periods in XRP’s history. It was during this phase that the price of XRP rallied from under $0.01 to an all-time high of $3.84, driven by a broader crypto market bubble, exchange listings, and speculation surrounding Ripple’s adoption among financial institutions. Related Reading The rally followed a classic Elliott Wave impulse structure, with five distinct waves characterized by short consolidations before each major leg upward. By early 2018, the bubble had popped, and XRP, like the rest of the crypto market, entered into a prolonged bear phase. EGRAG CRYPTO’s post implies that XRP is now following a similar pattern to the one in 2017. Particularly, the analyst noted that XRP is currently in the process of forming its second wave, which is a retracement of the bullish impulse Wave 1. This impulse Wave 1…
The post Crypto Analyst Says XRP Price Is Mirroring 2017 Cycle, “$27 Then $120” appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP is gearing up for a surge to $120, according to popular crypto analyst EGRAG CRYPTO. Taking to social media platform X, the analyst shared a fresh chart detailing a bullish outlook for XRP, suggesting that the cryptocurrency is retracing a path similar to its explosive 2017 rally. This time, however, the trajectory could be even more dramatic, as the chart accompanying his post outlines a long-term Elliott Wave formation that points first to $27 and eventually to a staggering $120 price tag. Echoes of 2017: XRP Retracing Cycle That Took Price To All-Time High The 2017 bull cycle is one of the most iconic periods in XRP’s history. It was during this phase that the price of XRP rallied from under $0.01 to an all-time high of $3.84, driven by a broader crypto market bubble, exchange listings, and speculation surrounding Ripple’s adoption among financial institutions. Related Reading The rally followed a classic Elliott Wave impulse structure, with five distinct waves characterized by short consolidations before each major leg upward. By early 2018, the bubble had popped, and XRP, like the rest of the crypto market, entered into a prolonged bear phase. EGRAG CRYPTO’s post implies that XRP is now following a similar pattern to the one in 2017. Particularly, the analyst noted that XRP is currently in the process of forming its second wave, which is a retracement of the bullish impulse Wave 1. This impulse Wave 1…
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