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TimesTabloid 2025-01-04 08:23:21

XRP Is Cutting Percentage Point In half Like 2017, Expert Explains What This Means

XRP Is Cutting Percentage Point In half Like 2017, Expert Explains What This Means

A recent analysis by Bobby A (@Bobby_1111888), a well-known cryptocurrency market analyst, shed light on XRP’s price movements relative to its previous market cycles. The chart shared highlights a potential path for XRP based on historical patterns, suggesting a price of approximately $15.00 during its current cycle. XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle. From its range-high breakout in 2017, as illustrated by the horizontal black dashed line above, XRP initially appreciated by 629%. From its range-high breakout in 2024, XRP has… pic.twitter.com/Cz7guxjFus — Bobby A (@Bobby_1111888) January 1, 2025 Historical Context for XRP Upcoming Surge The chart shows that XRP’s percentage point increases are diminishing compared to its 2017 market cycle. In 2017, XRP’s breakout above its range-high, marked by a horizontal black dashed line, led to a 629% rally. However, in the current cycle, XRP has risen 331%. Bobby A notes that this halving of percentage gains is a defining characteristic of XRP’s market dynamics in recent years. The analyst also compared XRP’s performance from its December 2014 high to its May 2017 high, where the asset appreciated by approximately 1,330%. If the pattern of halved percentage increases continues, XRP’s next upward impulse could result in a 665% appreciation. This calculation places XRP’s potential price near $15, a target that other analysts have also predicted . This target aligns closely with its 4.236 Fibonacci extension, a level often used by traders to project price targets. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Can XRP Hit $15? This price projection carries significant implications for investors. While historical performance does not guarantee future results, the analysis provides a structured framework for evaluating XRP’s potential based on identifiable trends. XRP is currently trading at $2.44, up 2.68% from yesterday. A rise to $15 represents a 530% increase for the asset. This target may seem lofty, but other bullish factors in the current market can help XRP rise to this level. Donald Trump won the U.S. presidential election in November 2024 and will be inaugurated on January 20, 2025. Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC) will resign on the same day, adding to the excitement in the XRP army. Ripple’s recent escrow unlock contained a bullish message referencing this date and Trump’s inauguration. Many experts believe XRP will have a phenomenal year because of these bullish developments, and there is an overwhelmingly bullish sentiment in the community for the digital asset in 2025. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Is Cutting Percentage Point In half Like 2017, Expert Explains What This Means appeared first on Times Tabloid .

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