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The price of XRP has continued its steep renovation in the last 24 hours, as it is currently hovering around the price level of $2.2. Nevertheless, analysts are still worried about the possibility that the price of XRP will reach a new high in the near future, with some giving estimates to double digit limit on $10 and up. Interestingly, crypto analyst Cryptoinsightuk recently shared his thoughts on social media X, drawing attention to XRP’s potential roadmap to achieve this ambitious target.
Estimating the 2017 XRP Price Pattern
Cryptoinsightuk has delivered a compelling vision in the ongoing XRP price correction and its previous rally, highlights how its current trajectory similar to the movement it experienced in 2017. Back then, XRP rallied slowly in early 2017 before experiencing a strong rally that continued into 2018.
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With this in mind, technical analysis from Cryptoinsightuk adjusted the price action during that time to size relative to XRP’s previous breakout in early October. According to this, if XRP continues to follow the pattern of 2017, the cryptocurrency can repeat this crazy movement in the middle of 2025.
Interestingly, an analyst overlay of 2017’s price action suggested that XRP’s 460% price breakout from its early October $0.5 range is already in the midst of repeating this move. If this were to continue to play out like this, the analyst expects XRP to break above $10 in the first half of 2025.
However, Cryptoinsightuk’s prediction goes beyond this initial target of $10 in Q1 2025. If the price of XRP continues to imitate the historical movement beyond the first quarter, the analyst envisions what he describes as a “moon boy hit.” This phase, characterized by a significant increase in price, could push XRP to $35 in the third or fourth quarter of 2025.
Factors Pushing XRP’s Bullish Trajectory
CryptoinsightUK’s bullish view on XRP hinges on the cryptocurrency’s ability to replicate its 2017 move. Back then, a parabolic surge saw XRP move from a low of $0.0060 to its current high of $3.40. By crunching the numbers, this comes to a profit of almost 56,000% over 12 months or so.
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Although XRP is currently in a good market position to continue the strong bullish movement, the market conditions in 2024 are different from 2017. In addition, the amount of income needed to reach $10 or $35 at this point will be much greater than it is. it reached $3.4 in 2018.
However, increased institutional involvement and factors such as political and expected control fairness in 2025 they suggest that the price of XRP may continue to increase in the same way. Additionally, trends in the broader crypto market, such as Bitcoin’s performance, could influence XRP’s predicted price increase.
At the time of writing, XRP is trading at $2.18. Reaching the $10 and $35 price targets would translate into moves of 358% and 1,505%, respectively.
The featured image was created with Dall.E, a chart from Tradingview.com
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