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<ul class="news-points"> 
 <li>XRP’s value at that time soared to over $3 from lows of $0.2. </li> 
 <li>Crypto analyst Egrag Crypto suggests that XRP may be gearing up for a bull run.</li> 
 <li>The analyst said XRP’s price formation resembles the one last seen before its 2017 bull run.</li> 
</ul> 
Cryptocurrency analyst and XRP community member Egrag Crypto has pointed out a similarity in XRP’s current price movement that mirrors one seen before its bull rally in 2017.&nbsp; 
<a href="https://twitter.com/egragcrypto/status/1747522701231579152" target="_blank" rel="nofollow">In the analysis shared on social media platform X </a>(formerly Twitter), Egrag posted a chart that showed XRP’s performance over the years. Comparing the chart and current price action, the analyst observed that the “current curve closely resembles the formation seen in 2017.” 
Notably, 2017 earmarked the first major bull rally in XRP’s history. Towards the end of that year, the token embarked on an upward climb that took prices from $0.2 levels to over $3 at the start of 2018.&nbsp; 
As noted in the tweet, Egrag opined the current formation could be a sign of an impending run. “Are we gearing up for a parabolic, insane pump, or is a different formation in the cards that will leave us all in awe?” 
While reiterating confidence in the toke…
The post <a href="https://coinedition.com/is-xrp-about-to-repeat-its-2017-bull-rally-analyst-notes-similarities/">Is XRP About to Repeat Its 2017 Bull Rally? Analyst Notes Similarities</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Is XRP About to Repeat Its 2017 Bull Rally? Analyst Notes Similarities

Coin Edition

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