Prepare for a 530% XRP Price Surge: The Most Dramatic Comeback of the Year! 🎉

by

Key Takeaways:

  • Analysts, those ever-optimistic seers, predict a 530% rally for XRP, aiming for the lofty heights of $14. 🤑

  • But alas! The XRP/USD pair must first reclaim the elusive 200-day SMA to continue its upward waltz. 💃

Ah, the price of XRP, that fickle mistress, has been dancing between $2.05 and $2.40 for the past month, all while consolidating in a bull pennant—how delightfully dramatic! 🎭

Several analysts, with their crystal balls, claim that the current technical setup is reminiscent of the 2017 price action that preceded a breakout of epic proportions. One can only hope for such a spectacle! 🌟

XRP Price Eyes a 530% Rally into Double-Digits

Since February 1, XRP has been languishing below the $3.00 mark, yet analysts insist that a grand recovery is on the horizon, should it follow the script of 2017. How thrilling! 📈

Crypto analyst Mikybull Crypto, a name that rolls off the tongue like fine wine, suggests that XRP’s recent price action mirrors a 2017 playbook, where a breakout from a bull pennant led to a staggering 1,300% upward move to the all-time highs of $3.40. 🍾

“I have seen this movie before,” the analyst quipped in a June 17 post on X, adding:

“2017 rally vibes coming up.”

Indeed, the altcoin’s price action follows a similar setup on the weekly time frame, as depicted below. How quaint! 🖼️

A bull pennant, that charming bullish continuation setup, forms when the price makes a sharp move higher (the flagpole), then pauses and consolidates in a small symmetrical triangle (the pennant). A true work of art! 🎨

Typically, bull pennants resolve after the price breaks above the triangle’s resistance line, rising by as much as the previous uptrend’s height. This places the upper target for XRP at a dazzling $14, or a 530% increase from its current price. How positively exhilarating! 🎢

These analyses align with previous predictions of XRP reaching $27, based on chart fractals, Elliott wave analysis, and Fibonacci extensions. Others, with their heads in the clouds, suggest a rally of 1,100% to $25 if a spot XRP ETF is approved in the United States. One can only dream! ☁️

XRP Price Needs to Reclaim 200-Day SMA

XRP’s potential for ascension is part of a recovery that began on April 10, witnessing the relative strength index (RSI) rise to 52 from the depths of oversold conditions at 29. A true phoenix rising from the ashes! 🔥

The bulls, ever hopeful, are focused on breaking the resistance at $2.27—the 50-day simple moving average (SMA). Will they succeed? Only time will tell! ⏳

The bullish case for this altcoin hinges on transforming the resistance between $2.37 (the 200-day SMA) and $2.65 into new support. A close above this level will signal yet another escape, paving the way for a return to $3.00 or perhaps even the seven-year high above $3.31. How thrilling! 🎉

As CryptoMoon reported, breaking resistance at $2.65 could launch a sustained recovery, allowing XRP to soar above $3.00. The drama unfolds! 🍿

Read More

2025-06-17 12:02