XRP Potential to Break Its All-Time High in 2025, Mirroring 2017
XRP Trend Analysis: Similar Cycle to 2017
After a period of sideways movement, XRP may soon witness a major breakout. Cryptocurrency analyst Mikybull Crypto predicts that this token could surge significantly, possibly over 500%, bringing the price up to $14,000. As of now, XRP has formed a similar consolidation triangle pattern as the peak of $3.38 in 2017, opening up the potential for a remarkable recovery above the current price of around $2.19. This price increase cycle vividly recalls XRP's surge six years ago, creating expectations for a rapid increase this year.
Analysis of XRP's Recent 3-Week Chart
Mikybull shares the XRP price chart over 3 weeks, showing two periods of forming a similar triangle pattern in 2017 and 2025. In the past, XRP has crawled slowly for months before exploding by 1,300% in just a few weeks, taking the price from a low to a historical peak. Could this pattern repeat and push XRP to $14? Analysts suggest that if the current trend continues, a significant price increase may occur, allowing investors to join in a potential strong breakout phase.
Ripple's Legal Situation and Its Impact on XRP Price
Legal Dispute With SEC Is A Potential Price Increase Environment
Currently, the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is still unresolved. The parties have submitted a revised settlement proposal, but the court has not yet approved it. The conclusion could occur in August, presenting a significant opportunity for a new price surge of XRP. Before the final decision, market sentiment remains on the lookout for a turning point in this important lawsuit.
Judgment Results Could Cause XRP Price to Soar
In a positive scenario, if Ripple wins the lawsuit, this could unlock massive price surges. Investors are waiting for positive signals from the legal dispute to push XRP prices further, setting the stage for waves of buying, raising this cryptocurrency's total market cap to its highest historical levels.
On-Chain Index Supports XRP's Upward Trend
Impressive Growth Data From On-Chain
Data from Santiment shows that XRP's on-chain activity reached record levels with a significant increase in the number of daily active addresses, up to 295,000 addresses, seven times the average of the previous three months (40,000). At the same time, whale investors accumulated over 2,700 wallets, each holding at least 1 million XRP — the highest ever in the history of this token over 12 years.
Trading Growth and Market Volume
Trading volume also saw a 157% increase, reaching $5.260 million, reflecting the growing interest of the market and investors. This data reinforces confidence in XRP's potential for a strong breakout in the near future, especially as market sentiment is very positive.
Referring to these analytical signs, investors can prepare for a potential price surge of XRP in 2025, which could yield significant profits for their investment strategy.
Source: https://tintucbitcoin.com/xrp-du-doan-tang-500-len-14-000-usd/
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