- Analyst CryptoBull2020 expects XRP to hit $13 in three months as wave 3 begins.
- XRP’s price is mirroring the 2017 bull run, with $70 as the ultimate target.
- XRP currently trades at $1.49, but wave analysis suggests major upside potential.
XRP’s price could be gearing up for a major rally, following a familiar pattern from the 2017 bull run. Market analyst CryptoBull2020 suggests that after completing wave 2, XRP is on track for wave 3, which could send its price soaring to $13 in the coming months, and ultimately to $70.
XRP Price Forecast Based on 2017 Bull Run Pattern
XRP is showing signs of repeating the 2017 bull run, but on a longer timeframe, according to market analyst CryptoBull2020. The analyst used wave analysis to suggest that XRP has already completed wave 2 and is now set for a significant price increase. The analyst’s prediction places the target price for XRP at $70, a large upside from its current price of $1.49.
XRP’s price has recently been fluctuating between $1.14 and $1.67, with a decrease of 8.96%. However, the longer-term trend looks promising for the cryptocurrency.
According to CryptoBull2020, XRP’s price pattern closely resembles the 2017 bull run, suggesting that the market could soon see a similar surge, albeit over an extended period. The analyst noted, “We are repeating the 2017 bullrun with a longer timeframe,” signaling that the market’s movement could mirror the rapid gains observed in the past.
Wave Analysis and Projected $13 Target
The wave analysis by CryptoBull2020 indicates that XRP has completed wave 2, which sets the stage for wave 3. This next phase is projected to propel XRP’s price toward $13 within the next three months. The analysis is based on previous market trends, with a focus on the timing and price movements of the earlier bull run.
If the price follows the pattern established by wave 3, XRP could achieve the $13 target, which would mark a significant milestone in its recovery. However, this projection is based on the assumption that the current wave structure holds, with no unexpected market changes. If XRP continues to follow this pattern, further price increases could follow, with $70 as the ultimate target in the longer run.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
