In the context of a rapidly changing cryptocurrency market, many technical analysts believe that XRP – the altcoin that made waves during the 2017 bull cycle – could repeat history and reach a price of up to $10 if technical patterns continue to develop like in previous cycles.

Like Before: Price Pattern Reminiscent of 2014–2018

According to analyst ArShevelev, the current chart of XRP shows a clear similarity to the bull cycle from 2014 to 2018. Specifically, in 2017, XRP broke through the all-time high (ATH) set in 2014, leading to an extremely strong parabolic price increase. Currently, he believes that XRP is facing a similar situation as it struggles with the resistance area around $3.31 – the ATH level from 2018.

"This is like the accumulation phase before the 2017 explosion," ArShevelev commented.

Important Levels and Potential Scenarios

Experts say that if XRP can decisively break the resistance area of $3.31, a strong parabolic rally could completely occur. However, they also warn that this is a very strong psychological and technical barrier, and if not overcome, the price could turn back down to lower support areas.

Notable technical levels:

  • Main support: $1.643

  • Strong resistance: $3.31

  • Risk of a downward break: if it falls below $0.650, XRP could return to last year's lows.

Positive Transformations Are Forming

Another analyst believes that bullish momentum is gradually forming, as the RSI indicator on lower time frames shows signs of selling exhaustion – this is often a signal of a strong reversal about to occur.

She stated that the levels to watch are:

  • $2.00 and $2.26 – if the price closes decisively outside this range, the next major trend will be established.

Currently, according to data from CoinMarketCap, XRP is trading around $2.17, up about 2% in the past 24 hours.

Could This Be XRP's Moment to Shine?

Although acknowledging that there are still many unconvincing factors, ArShevelev still believes that this could be XRP's moment to explode if the technical pattern continues to unfold as in the previous cycle. However, all scenarios still depend on the ability to break through important price areas in the near future.