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<p><a href="https://bitcoinist.com/xrp-extraordinary-moves-0-6049/" rel="nofollow">Crypto analyst Dark Defender</a> has highlighted an important indicator that could cause the XRP price to repeat its <a href="https://www.newsbtc.com/news/ripple/xrp-price-61000-surge-analyst/">legendary price move</a> from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run.&nbsp;</p> 
<h2 id="how-xrp-price-could-replicate-2017-price-gains">How XRP Price Could Replicate 2017 Price Gains</h2> 
<p><a href="https://bitcoinist.com/xrp-price-surge-1100-expert/" rel="nofollow">Dark Defender</a> claimed in an X (formerly Twitter) <a href="https://x.com/DefendDark/status/1809132421163462963" rel="nofollow">post</a> that XRP’s current pattern is identical to the 2014-2017 pattern and will remain so unless the $0.3917 “Point of Control” is not protected. The analyst explained that this Point of Control (POC) refers to the price level where most trades have <a href="https://bitcoinist.com/bitcoin-adopter-says-xrp-price-closer-to-10/" rel="nofollow">taken place since 2014</a>.&nbsp;&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-628413" src="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP-Price-1.png?w=460&amp;resize=460%2C279" alt="XRP price 1" width="460" height="279" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP-Price-1.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP-Price-1.png?w=460&amp;resize=460%2C279 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>Therefore, with XRP maintaining this POC since 2014, the crypto token could replicate its historic price gain from 2017, when it rose by 61,000% in 280 days. In another <a href="https://x.com/DefendDark/status/1809512331077894403" rel="nofollow">X post</a>, Dark Defender also claimed that XRP’s current pattern was identical to the 2013-2017 pattern he had previously highlighted. Considering this, he stated, “It will be an absolute art to see $5.85 and above.”</p> 
<p>Dark Defender also highlighted another indicator that shows XRP’s bullish prospects. He noted that the crypto token’s daily and weekly <a href="https://www.newsbtc.com/news/ripple/1400-7-5-for-xrp-price-rsi/">Relative Strength Index (RSI)</a> is at “the bottom and oversold.” He added that the monthly RSI is at the same level as March 2020 and November 2022.&nbsp;</p> 
<p><a href="https://bitcoinist.com/bitcoin-gets-156000-price-tag/#:~:text=More%20recently%2C%20crypto%20analyst%20Mikybull,peak%20in%20this%20bull%20run." rel="nofollow">Crypto analyst Mikybull Crypto</a> also stated that XRP might replicate its 2017 rally, given the current price action path the crypto token is following. He predicted that the crypt token could rise above $4 if this were to happen. Mikybull Crypto added that he was confident about this scenario playing out for XRP because the <a href="https://bitcoinist.com/despite-strengthening-xrp-chart-on-chain-metrics-bearish-analyst/" rel="nofollow">sentiment around the crypto token</a> is bleak.&nbsp;</p> 
<p>Meanwhile, <a href="https://bitcoinist.com/33000-move-for-xrp-price/" rel="nofollow">crypto analyst Javon Marks</a> also alluded to XRP’s price gain when he <a href="https://bitcoinist.com/xrp-failure-to-perform-expert/#:~:text=Crypto%20analyst%20Javon%20Marks%20has,rally%20is%20on%20the%20horizon." rel="nofollow">recently predicted</a> that the crypto token could witness a 39,000% price rally and rise to $200. He made this prediction based on his Full Logarithmic Follow-Through indicator, which he noted was supported by historical data.&nbsp;</p> 
<h2 id="xrp-to-still-rise-to-as-high-as-18-22">XRP To Still Rise To As High As $18.22</h2> 
<p>In his most recent <a href="https://x.com/DefendDark/status/1809531058003595712" rel="nofollow">X post</a>, Dark Defender <a href="https://www.newsbtc.com/news/ripple/crypto-analyst-xrp-price-explosion-over-18/">again predicted</a> that XRP could rise as high as $18.22. He stated that the crypto had hit the latest Fibonacci support of $0.3917 (also the POC) of the <a href="https://bitcoinist.com/crypto-analyst-xrp-price-27/" rel="nofollow">5 Elliot Waves</a>, with a target of $1.88, $5.85, and $18.22 now in sight. He warned that any movement below $0.3917 could alter the structure he has been observing.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-628414" src="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP-price-2.png?w=460&amp;resize=460%2C274" alt="XRP price 2" width="460" height="274" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/XRP-price-2.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/XRP-price-2.png?w=460&amp;resize=460%2C274 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>Meanwhile, the crypto analyst mentioned that a <a href="https://bitcoinist.com/analyst-predicts-greater-bitcoin-bull-reversal/" rel="nofollow">bullish reversal</a> is on the cards for XRP, alluding to the fact that the crypto token’s <a href="https://www.newsbtc.com/news/ripple/1400-7-5-for-xrp-price-rsi/">weekly RSI</a> hit the lowest points, thereby signaling that XRP is an oversold area.&nbsp;</p> 
<p>At the time of writing, XRP is trading at around $0.42, down over 4% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow">data</a> from CoinMarketCap.</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/jkh0vDO6/" alt="XRP price chart from Tradingview.com" width="3286" height="1578">

XRP Price: Crypto Analyst Identifies ‘Point Of Control’ That Could See A Repeat Of 2017

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