Cryptocurrency Markets Await Explosive XRP Price Rally to $1,700
In a shocking turn of events, cryptocurrency analysts have released bold predictions suggesting that the XRP price could be on the cusp of a parabolic 64,000% rally to $1,700. According to a chart shared by crypto analyst The Real Remi Relief on X (formerly Twitter), XRP is mirroring a technical pattern that preceded its 2017-2018 historical bull run, which saw the third-largest cryptocurrency skyrocket by tens of thousands of percent in just a few months.
The chart, as reported by NewsBTC, shows two distinct consolidation phases in XRP’s price action – the first spanning from 2014 to 2017 and the second lasting from 2018 until early 2024. During both periods, the cryptocurrency underwent a long-term compression under a descending resistance line. This compression was followed by a breakout, retest, and vertical price expansion. Notably, this breakout in 2017 led to XRP reaching its historical all-time high of $3.84 – a level it hasn’t revisited for over six years.
As noted by NewsBTC, earlier this year, XRP experienced a similar breakout that pushed it above the multi-year downtrend. The current chart shows that the cryptocurrency’s retest is holding steady, and this pattern has previously preceded massive rallies during the past bull cycles. As a result, Real Remi Relief argues that history is on the verge of repeating itself. According to his end-of-year forecast for XRP, the cryptocurrency is poised for a staggering 64,000% rally, placing its price at a jaw-dropping $1,700 per token by as early as Q4 2025 or Q1 2026.
While the timeline could extend into the following year, the outlook still frames 2025 as a bullish turning point for XRP, with strong potential for the altcoin to close the year in a strong green. Interestingly, the crypto expert has also shared a more conservative target, predicting that XRP could record a still ambitious, but more realistic surge to $1,200 by year’s end. As NewsBTC reports, such predictions have sparked both excitement and skepticism within the cryptocurrency community.
While Real Remi Relief’s $1,700 price projection for XRP is undeniably bold, the analyst goes even further, speculating that the cryptocurrency’s total upside potential in this cycle could soar as high as 80,000% and 150,000%. This surge could catapult XRP’s current price of $0.60 to an astonishing $1,920 and $3,600, respectively. Such gains would not only eclipse XRP’s previous all-time high but also represent one of the most dramatic asset revaluations in crypto history.
The validity of these predictions remains to be seen, with many experts urging caution when evaluating such ambitious forecasts. As NewsBTC notes, skepticism remains, particularly amongst commentators under the analyst’s X post, who view this bold forecast as an almost impossible goal. Nevertheless, with XRP’s price action exhibiting similar patterns to those preceding its 2017-2018 bull run, market participants are eagerly awaiting the cryptocurrency’s next move.
In conclusion, the XRP price rally to $1,700, as predicted by crypto analyst Real Remi Relief, has sparked intense debate within the cryptocurrency community. While some view this forecast as overly ambitious, others argue that historical price patterns and XRP’s current technical structure support the possibility of a parabolic rally. As the cryptocurrency market continues to evolve, one thing is certain – the XRP price rally will be an exciting development to watch in the coming months. This article has been informed by reporting from NewsBTC.
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