The XRP price may experience significant rise if it follows the trail of past market cycles. These assessments, which have echoed in the crypto currency market, are based on the rise patterns of 2017 and 2021. According to some analysts, XRP may be traded between $ 19 to $ 4 to $ 4 if similar scenarios repeat. Short-term technical indicators and On-Chain data also support optimistic expectations.
Are the 2017 and 2021 cycles return?
Looking at the past performance of XRP, one of the analysts producing forecasts for the future, Ekrag Crypto drew attention to the 2017 rise period. Reminding that at that time, the 21 -day exponential moving average created a strong support and that the XRP gained 2700 %with this support, Ekrag said that if a similar technical appearance reappeared, the price of XRP could climb up to $ 45.
The same analyst said that in 2021, the XRP had an increase of up to 1050 %after exceeding the 21 and 33 -day averages. If the similar movement repeats this movement, XRP can reach at least $ 19, he said. These analyzes are based on the parallels established between the past price behaviors of XRP and the current technical appearance.
Short -term target in XRP 5 dollars
The short -term view is said to progress towards the $ 5 psychological level. Market data indicate that the XRP book may be a new capital entry of $ 10 billion. In addition, the increase in the number of XRP wallets has reached new record levels, this situation shows that the interest of investor has increased. These developments reveal that XRP is strengthened in terms of technical and basic dynamics.
In particular, the rise in corporate adoption rates and Ripple’s various collaborations expand the use of XRP. This is among the factors that increase the medium -term price potential. However, it is emphasized that investors should not only decide according to past performance and it is important that they follow the current market dynamics carefully.
How realistic is the target of $ 1000 for XRP?
One of the most remarkable estimates of XRP came from the analyst Barric. Barric claimed that XRP could reach $ 1000 in the long term. However, he said that both technological infrastructure and usage areas should be expanded in order to realize this. According to the analyst, such a large leap may be possible only if there is a radical transformation in the financial system.
The fact that the XRP increases to such high levels depends not only on a speculative expectation, but also decentralized finance, cross -border payments and tokensation. In other words, this claim is not a purely herpes dream, but it can be made possible if some conditions occur. But the time factor here should not be ignored; It is stated that such a process may last for several years.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
