XRP Price To Reach $10 Should History Recur

Should history repeat itself, XRP price may rise to $10. The present XRP chart, he said, screams "déjà vu" with the price behavior of the cryptocurrency matching the 2014 to 2018 cycle. The expert pointed out that XRP broke out from its 2014 all-time high (ATH) in 2017 and set off a huge surge.

Though with a twist, a similar arrangement is in action for the XRP price. ArShevelev said XRP is finding it difficult to pass the 2018 ATH resistance zone at $3.31, which reminds him of the era of breakout consolidation in 2017.

He confirmed that if the price breaks out shortly, it might follow a parabolic trajectory and maybe approach considerably higher levels. The expert cautioned, nonetheless, that the present opposition is a difficult obstacle and XRP may retreat to lower supports should it fail.

He underlined $1.643 as the main support and $3.31 as the main opposition. With a breakdown risk of $0.650, the XRP price can still tumble to lows last year. Although the analyst acknowledges he is not entirely persuaded by the arrangement, he finds it fascinating. This might be XRP's flash, he said.

The Altcoin Has To Break Out From Its Present Range

He said the important levels to keep an eye on are $2 and $2.26. A decisive closing outside this range might also define the direction of the next significant move, the expert said.

She said, nevertheless, that momentum was growing and the cryptocurrency might rebound off important supports to new highs. She said the price action is starting to compress and the RSI is displaying symptoms of selling tiredness on the lower timesframes. This usually points to a more significant shift just ahead.

Data from CoinMarketCap shows that the XRP price is trading at around $2.17 at the time of writing, up roughly 2% in the previous 24 hours.

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