{"id":611216,"date":"2024-06-04T02:00:37","date_gmt":"2024-06-04T02:00:37","guid":{"rendered":"https:\/\/ktsl888.com\/?p=611216"},"modified":"2024-06-11T07:46:29","modified_gmt":"2024-06-11T07:46:29","slug":"xrp-hasnt-had-a-bull-cycle","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-hasnt-had-a-bull-cycle\/","title":{"rendered":"XRP Hasn\u2019t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does"},"content":{"rendered":"

The XRP price has been a constant point of worry<\/a> for investors given that the altcoins seems to be frozen in time. The last time that the coin rallied was in the 2017-2018 bull and even though there has been another massive bull market since then, XRP failed to follow the rest of the market. While expectations for the altcoin have dropped dramatically, one analyst believes that the cryptocurrency could finally have its time in the spotlight, revealing targets for when this does happen.<\/p>\n

Why XRP Could Be Gearing Up For A Bull Rally<\/h2>\n

Crypto analyst CryptoManiac101 took to the TradingView platform to share<\/a> a rather interesting view of the XRP price going forward. The analyst pointed out a number of indicators that suggest that the altcoin may finally be getting ready to move<\/a>. One of the major points in the analysis was the price levels and movements so far.<\/p>\n

Related Reading: Bitcoin Enters Dreaded \u2018Chop Season\u2019 \u2013 What Does This Mean For Price?<\/a><\/div>\n

The crypto analyst points out a convergence of three different moving averages in the year 2024. At the end of this is the formation of a symmetrical triangle pattern outlined in the chart. Furthermore, the convergence, which is happening around $0.51, suggests that there is consolidation going on. Now, usually, consolidation will come with accumulation, which is often good for the price, and the analyst points out that interest is rising.<\/p>\n

Going further, the crypto analyst points to the performance of XRP<\/a> over the last 11 years. This begins from 2013 and moves to present time, showing how the performance of XRP<\/a> has actually flattened during this time. \u201cSignificant historical price spikes, particularly in 2017 and 2018, are visible, which is what we are looking at for 2024 and 2025 years as we see some movement consistency between the two cycles,\u201d the analyst stated.<\/p>\n

\"XRP
Source: Tradingview.com<\/figcaption><\/figure>\n

With interesting rising, these indicators could point toward an important breakout for the price. If this happens, the crypto analyst has outlined targets for how high the price could go.<\/p>\n

How High Can The Price Go?<\/h2>\n

One major factor in the analyst\u2019s prediction is the fact that such historical patterns have been previously bullish for XRP<\/a> to have returned. The analyst points out that a rally usually breaks out when these patterns have seen a 75% completion. However, the current patterns have reached 88.93% completion, suggesting that a breakout is long overdue for the XRP price<\/a>.<\/p>\n

Related Reading: Chainlink Is Not Done: Analyst Predicts 300% Rise Against Bitcoin<\/a><\/div>\n

In the event of a rally, the crypto analyst expects an at least 800% increase<\/a> in price above $4. This future prediction is based on the potential of a breakout from the symmetrical triangle forming at the convergence of the three moving averages. In this case, the analyst expects a rally to $4.5 as a starting point.<\/p>\n

\"XRP
Token price shows recovery strength | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The XRP price has been a constant point of worry for investors given that the altcoins seems to be frozen in time. The last time that the coin rallied was in the 2017-2018 bull and even though there has been another massive bull market since then, XRP failed to follow the rest of the market. While expectations for the altcoin have dropped dramatically, one analyst believes that the cryptocurrency could finally have its time in the spotlight, revealing targets for when this does happen. Why XRP Could Be Gearing Up For A Bull Rally Crypto analyst CryptoManiac101 took to the TradingView platform to share a rather interesting view of the XRP price going forward. The analyst pointed out a number of indicators that suggest that the altcoin may finally be getting ready to move. One of the major points in the analysis was the price levels and movements so far. Related Reading: Bitcoin Enters Dreaded \u2018Chop Season\u2019 \u2013 What Does This Mean For Price? The crypto analyst points out a convergence of three different moving averages in the year 2024. At the end of this is the formation of a symmetrical triangle pattern outlined in the chart. Furthermore, the convergence, which is happening around $0.51, suggests that there is consolidation going on. Now, usually, consolidation will come with accumulation, which is often good for the price, and the analyst points out that interest is rising. Going further, the crypto analyst points to the performance of XRP over the last 11 years. This begins from 2013 and moves to present time, showing how the performance of XRP has actually flattened during this time. \u201cSignificant historical price spikes, particularly in 2017 and 2018, are visible, which is what we are looking at for 2024 and 2025 years as we see some movement consistency between the two cycles,\u201d the analyst stated. With interesting rising, these indicators could point toward an important breakout for the price. If this happens, the crypto analyst has outlined targets for how high the price could go. How High Can The Price Go? One major factor in the analyst\u2019s prediction is the fact that such historical patterns have been previously bullish for XRP to have returned. The analyst points out that a rally usually breaks out when these patterns have seen a 75% completion. However, the current patterns have reached 88.93% completion, suggesting that a breakout is long overdue for the XRP price. Related Reading: Chainlink Is Not Done: Analyst Predicts 300% Rise Against Bitcoin In the event of a rally, the crypto analyst expects an at least 800% increase in price above $4. This future prediction is based on the potential of a breakout from the symmetrical triangle forming at the convergence of the three moving averages. In this case, the analyst expects a rally to $4.5 as a starting point.  <\/p>\n","protected":false},"author":594,"featured_media":611261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-611216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Hasn\u2019t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does<\/title>\n<meta name=\"description\" content=\"The XRP price has been a constant point of worry for investors given that the altcoins seems to be frozen in time.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Hasn\u2019t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does","url":"http:\/\/ktsl888.com\/news\/ripple\/xrp-hasnt-had-a-bull-cycle\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/xrp-hasnt-had-a-bull-cycle\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP-price.jpeg?fit=1792%2C1024"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-06-04T02:00:37Z","datePublished":"2024-06-04T02:00:37Z","dateModified":"2024-06-11T07:46:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Hasn\\u2019t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-hasnt-had-a-bull-cycle\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-hasnt-had-a-bull-cycle\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/XRP-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/XRP-price.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-06-04T02:00:37Z\",\"datePublished\":\"2024-06-04T02:00:37Z\",\"dateModified\":\"2024-06-11T07:46:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/XRP-price.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/611216"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=611216"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/611216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/611261"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=611216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=611216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=611216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}