CandleFocus XRP Mirrors 2017 Rally with $16.57 in Sight, Bullish Surge Incoming?
2025-01-17
Author: Content Editor
Crypto analyst Javon Marks has compared XRP's current trajectory to its historic rally in 2017. XRP is currently positioned similarly to back then, with the 1.618 Fibonacci extension indicating a target of $16.57. The price of XRP has shown cyclical trends in the past, influenced by Fibonacci levels. In 2017, XRP experienced a parabolic rally after breaking out of a symmetrical triangle, reaching highs of $3.50. After a correction, XRP has gained bullish momentum and is currently trading above $2.00, with the potential to reach $5.00 and $16.57. Traders should monitor resistance levels and broader market trends.
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