XRP has hovered around the $2 level for days, bouncing off support multiple times but lacking the strength to push through the latest wave of selling pressure.
Still, historical patterns support a bullish XRP price prediction, and here’s why.
Popular trader recently shared a chart showing a clear similarity to XRP’s 2017 accumulation phase, when the token was trading at just $0.25.
What followed was a massive rally that sent XRP to its all-time high within a year, and some believe the setup today could lead to something similar.
Steph identified a similar accumulation pattern forming this year, right after XRP broke above the $1.70 level.
Back in January 2018, XRP reached $3.84, delivering a massive 1,440% gain for those who bought during the last major accumulation phase.
Looking at the daily chart, XRP has formed a falling wedge over the past few months, resulting from the sharp decline over the past few months.
The price has now compressed around the $2 mark, making this a key level to watch closely in the coming days.
A breakout above $2.20 could flip the script entirely, invalidating the current bearish structure and potentially kicking off XRP’s next major move.
If that happens, the first target in this time frame would be the 200-day EMA at $2.44, offering a quick 20% upside, with a larger move toward $3 likely to follow.$BNB $BTC $XRP #WriteToEarnUpgrade #CPIWatch #BinanceAlphaAlert
