XRP Déjà Vu? Price Patterns Mirror 2017 — Double Digits Incoming!

According to his accompanying graphic, on this breakthrough the XRP price might surge to over $40. Given XRP jumped by 61,000% in 280 days in 2017, the expert feels certain the cryptocurrency may experience such a parabolic movement. The graph also indicated that the cryptocurrency would probably attain this aim some next year.

In this market cycle, XRP pricing should land between $27 and $33. He thinks that for the cryptocurrency, a recurrence of the 2017 historical performance makes these price projections attainable.

From its present position, XRP price has significant space to move upward. After last year's surge, he pointed out a bull flag created for the cryptocurrency, tracking its consolidation period. After this period of consolidation, the experienced anticipates XRP to show a positive continuing, maybe gathering to as high as $5. For the token, this would set a new all-time high (ATH).

While stressing a declining wedge pattern developing for the cryptocurrency, crypto expert said that the XRP price is in a positive phase. According to him, this trend shows the altcoin's possible price of $3. The expert cautioned, nevertheless, that if the wedge formation breaks downward with the power of bearish candles, this configuration might be rendered useless.

Concurrently, crypto expert observed that the XRP price is now in Wave B of Wave 2 corrective action. Once the B and C waves are finished in this corrective wave, he expects the cryptocurrency to gather to its present all-time high. Long term, the expert is also sure the altcoin will gather to reach double digits. Based on his Elliott Wave Theory study, he originally estimated that the cryptocurrency may value $18.

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