XRP Could Reach $10 If History Repeats

In the context of the cryptocurrency market undergoing a strong transformation, many technical analysis experts believe that XRP – the altcoin that caused a stir during the bullish cycle of 2017 – could replicate history and reach a price of up to $10, if technical models continue to develop like the previous cycle. Just Like Before: Price Pattern Reminds of 2014–2018 According to analyst ArShevelev, XRP's current chart shows a striking resemblance to the bullish cycle from 2014 to 2018. Specifically, in 2017, XRP broke (ATH) all-time high set in 2014, leading to a strong parabolic bull run. Currently, he thinks that XRP is facing a similar situation as it struggles in the resistance zone around $3.31 – the ATH level of 2018. "This is like the accumulation phase before the explosion in 2017," ArShevelev commented. Important Milestones and Potential Scenarios Experts say that if XRP can decisively break through the resistance zone of $3.31, a strong bullish parabolic trend could completely occur. However, he also warns that this is a very strong psychological and technical barrier, and if it cannot be surpassed, the price may reverse and drop to lower support levels. Notable technical milestones: Main support: $1.643 Strong resistance: $3.31 Breakdown risk: if it breaches the level of $0.650, XRP may return to last year's low. Bullish Trend is Forming Another analyst noted that the bullish momentum is gradually forming, as the RSI on the lower time frame shows signs of exhaustion of selling pressure – this is often a signal of a strong reversal about to occur. She stated that the levels to monitor are: $2.00 and $2.26 – if the closing price decisively falls outside this range, the next larger trend will be established. Currently, according to data from CoinMarketCap, the price of XRP is trading around $2.17, bullish about 2% in the past 24 hours. Is This the Moment for XRP to Shine? Although acknowledging that there are still many unconvincing factors, ArShevelev believes that this could be the explosive moment for XRP if the technical model continues to unfold as it did in previous cycles. However, all scenarios still depend on the ability to break through important price levels in the near future.