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Crypto analyst Arshevelev has increased the possibility that history repeats itself for the XRP price. If so, the analyst indicated that the Altcoin could see a 2017-like rally that would send his Price up to double digits.
XRP price to reach $ 10 if history is repeated
In one TradingView -messagePredicted Arshevelev that the XRP price could reach up to $ 10 if history repeats itself. He noted that the current XRP graph “Déjà Vu” is screaming with the price action of the Altcoin that reflects the cycle from 2014 to 2018. The analyst noted that XRP broke out from his 2014 All-time High (ATH) In 2017, which leads to a huge rally.
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A similar arrangement is set for The XRP priceBut with a turn. Arshevelev stated that XRP has difficulty breaking through the ATH resistance zone of 2018 around $ 3.31, which he claimed to remembered him of the Breakout consolidation phase in 2017. The analyst added that this consolidation led historically to an outbreak and the map hints with a potential repetition.
He confirmed that the price could see a parabolic step if it broke out quickly, which may cause much higher levels. However, the analyst warned that the current resistance is a heavy obstacle, and XRP can withdraw To reduce support if it fails. Arshevelev also offered important levels to pay attention to.
He emphasized $ 3.31 as the most important resistance, while $ 1,643 is the most important support. The demolition risk is $ 0.650, which means that the XRP price could still fall to last year’s lows. The analyst admitted that he is not fully convinced of the setup, but regards it as intriguing. He added that this could be the moment of XRP to shine.
The Altcoin has to break from its current reach
Crypto analyst Ali Martinez Recently the need for the XRP price to break out of its current reach. In an X post he stated that the most important levels to view are $ 2 and $ 2.26. The analyst added that a decisive closure outside of this reach could set the tone for the next big trend.
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Martinez seems to promote a falling trend in the short term for the price of the Altcoin. In another message he stated that XRP was due to a retracement, where the TD sequentially flashed a sales signal on the 3-day graph.
CasiTrades from Crypto analyst Also do not exclude a possible correction for the XRP price. However, she claimed that the Altcoin could bounce important supports for new highlights, and noticed at that momentum was building. She revealed that the RSI shows signs of selling exhaustion in the lower time frames, and the price action is starting to compress. This often indicates a larger movement on the horizon.
At the time of writing, the XRP price is traded by around $ 2.17, an increase of almost 2% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com