XRP’s price performance has been hampered over the years by a number of factors, the most significant of which is its legal battle with the U.S. Securities and Exchange Commission (SEC). Nevertheless, the community seems to have maintained its optimism, with many predicting the altcoin to hit double digits in the near future. The target has continued to grow in recent years, and one analyst’s forecast suggests so Reaching $10 may be just the beginning of a major price revision for XRP.
How to multiply XRP profits like in the 2017-2018 cycle
XRP’s current price trajectory could follow the same trend as the altcoin did in 2017, and this could have significant implications for the cryptocurrency. As a crypto analyst Future XRP on X (formerly Twitter) explaineda repeat of the 2017 rally would mean that a rally to double-digit $10 could be just a start.
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According to the analyst, the current slow growth of the cryptocurrency is nothing special. There was a similar trend in the XRP price in the 2017 bull cycle, leading to the point where the altcoin’s price started to explode.
After this historic performance, the crypto analyst compresses the XRP price trajectory into three phases. The first of these are months of boredom, during which the altcoin price doesn’t seem to move at all. Then comes the weeks of disbeliefwhere the price starts to move quickly. Finally, XRP enters its month of ‘absolute chaos’, when its price completely explodes and its performance surpasses all previous months.
How high the price could rise after the 2017 stretch
Placing the current trend next to 2017, the crypto analyst explains that the XRP price on June 1, 2026 could be compared as the equivalent of the price on December 1, 2017. This would mean that the initial rally would push the price above $2 by July 1.
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Next would be the rapid rise where the price goes up above $5, and already above $10 in the third quarter. But it doesn’t stop there, because the rapid increase would push the price to $24.96 by the end of the third quarter of September.
However, if the price is a complete carbon copy of the 2017 run, the XRP price increased a total of 640x between January 2017 and January 2018. Taking into account the current XRP price, a rally of 640x would take the price to a high of $832 at its peak. “History never exactly repeats itself. But understanding how XRP’s previous cycle unfolded provides valuable context when evaluating future market behavior,” the analyst explains.
Featured image of Dall.E, chart from TradingView.com