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 <p><a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s native token XRP is currently trading at $0.51 level on Friday and is up nearly 7% in the day’s trade. The spike in price comes after the U.S. Securities and Exchange Commission (SEC) dropped all charges against <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> XRP on Thursday. The SEC also dropped charges against <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> founders and executives after the court ruled in July that XRP is not a security. Therefore, XRP is attracting bullish sentiment this week and could spike further in price.</p>
 <p><strong>Also Read: Becoming a Shiba Inu (SHIB) Millionaire Will Only Cost You $6.75</strong></p>
 <h2 class="wp-block-heading" id="h-ripple-analyst-predicts-xrp-could-retrace-70-after-spiking-in-price">Ripple: Analyst Predicts XRP Could Retrace 70% After Spiking in Price</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="590" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Ripple (XRP) Trades in the Green While Bitcoin, Ether Drop" class="wp-image-81725 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp 800w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp.webp 1068w" data-srcset-img="https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 800w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 1068w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="590" src="https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp" alt="Ripple (XRP) Trades in the Green While Bitcoin, Ether Drop" class="wp-image-81725" srcset="https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 800w, https://cdn.thebittimes.com/images/2023/10/20/ecc07864cf6bc661e675184e22167cf2.webp 1068w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: Crypto News
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 <p>Leading cryptocurrency analyst SOMMI foresees XRP to rally like it did in 2021 but quickly retrace in price. Despite XRP rallying hard during the bull run in 2021, it failed to climb above its all-time high of $3.40, which it reached in January 2018.</p>
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 <p><strong>Also Read: Dogecoin [DOGE] Price Prediction: October End 2023</strong></p>
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 <p>The leading altcoin reached a high of only $1.60 during the 2021 peak but quickly retraced in price. It shed nearly 70% post its 2021 peak and the analyst predicts that XRP is printing similar patterns of another decline.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="653" src="https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp" alt class="wp-image-116624" srcset="https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 800w, https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 1160w, https://cdn.thebittimes.com/images/2023/10/20/142ba287a0d814e536caeb7aa7264b19.webp 1284w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Twitter / yourfriendSOMMI
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 <p>According to the analyst, <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> XRP could rally in the next bull run in 2024 or 2025, but yet again fail to climb above its ATH. After reaching a yearly high, XRP could slump 70% as it did previously and repeat the same pattern.</p>
 <p><strong>Also Read: 9 US Military Stocks Lose $100 Billion After Israel-Palestine Conflict</strong></p>
 <p><strong>“During the 2021 bull, XRP hit its 70% retracement zone from its previous cycle. Basically, most altcoin targets will be around -40% off their previous cycle top. This might happen in 2024 as the market front-runs 2025 and scams us. Or, it might make us wait to 2025,”</strong> he predicted.</p>
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    <p lang="en" dir="ltr">❤️💛💚💙<br><br>During 2021 bull, $XRP hit its 70% retracement zone from its previous cycle.<br><br>Basically, most altcoin targets will be around -40% off its previous cycle top.<br><br>This might happen in 2024 as the market front-runs 2025 and scams us.<br><br>Or, it might make us wait to 2025… pic.twitter.com/d9hwEl7QXj</p>
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    </div> — yourfriendSOMMI ❤️💛💚💙 (@yourfriendSOMMI) October 19, 2023
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 <p>At press time, <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s native token XRP was trading at $0.51 and is up nearly 7% in the 24-hours day trade. XRP is down close to 85% from its all-time high of $3.40, which it reached in January 2018.</p>
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  <li>Ripple</li>
  <li>xrp</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-repeats-2021-pattern-of-70-retracement-from-2018-high-tbt67069.html">https://thebittimes.com/ripple-xrp-repeats-2021-pattern-of-70-retracement-from-2018-high-tbt67069.html</a></p>

Ripple: XRP Repeats 2021 Pattern of 70% Retracement From 2018 High

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