XRP's price performance over the years has been hampered by many factors, chief among them being its legal battle with the U.S. Securities and Exchange Commission (SEC). Despite this, the community seems to remain optimistic, with many predicting that the altcoin will reach double digits in the near future. This target has continued to grow in recent years, with one analyst's prediction suggesting that reaching $10 could only be the beginning of a major reprice for XRP.
How will XRP profits double like in the 2017-2018 cycle?
The current XRP price trajectory may be following the same trend as altcoins back in 2017, which could have a significant impact on the cryptocurrency. As crypto analyst Future XRP on X (ex-Twitter) explained, a repeat of the 2017 rally would mean the double-digit rally to $10 is just the beginning.
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According to analysts, the current slowdown in the growth of cryptocurrencies is not unusual. There was a similar trend in XRP prices during the 2017 bull cycle, right up until the altcoin's price started exploding.
Following this historic performance, crypto analysts compress the XRP price trajectory into three stages. The first is a boring few months where altcoin prices don't seem to be moving at all. Then, after a few weeks of disbelief, prices begin to move rapidly. Finally, XRP entered a month of “absolute turmoil”, with the price completely exploding and its performance outperforming all previous months.
How high could prices go if we follow the trajectory of 2017?
Juxtaposing the current trends with 2017, the cryptocurrency analyst explains that the XRP price on June 1, 2026 can be compared to the same price as on December 1, 2017. This means that the initial increase will push the price above $2 by July 1st.
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Then there was a rapid rise in price above $5 and already above $10 in the third quarter. However, this is not the end, and a rapid rise will take the price to $24.96 by the end of the third quarter in September.
However, if the price completely copied its 2017 value, the XRP price would have increased a total of 640x from January 2017 to January 2018. Considering the current XRP price, a 640x increase would see the price reach a peak of $832. “History never repeats itself exactly. However, understanding how XRP's previous cycles have played out provides valuable context when assessing future market movements,” the analyst explained.
Featured image from Dall.E, chart from TradingView.com
