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<p><a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP)</a> might be getting ready to pull a huge rally like it did in 2017. The prediction by the prominent analyst comes at a time when the crypto market is bleeding hard. Let us find out why the analyst believes XRP might do so.</p>
<h2 class="wp-block-heading" id="echoes-of-2017-a-bullish-case-for-xrp">Echoes of 2017: A Bullish Case for XRP</h2>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> <br><br>It might pull a huge 2017 rally given the current PA path is following<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>The sentiment surrounding it is bleak, which made me believe such a scenario can occur. <a href="https://t.co/Y9mArz0uHG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Y9mArz0uHG</a></p>— Mikybull <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1808442292933468403?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 3, 2024</a>
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<p>Cryptocurrency analyst Milkybull Crypto has shared the similarities between XRP’s current price action and its 2017 bull run behavior.</p>
<p>The analyst notes that the current market sentiment surrounding <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> is notably bleak. He stated that it is a factor that strengthens their belief in an impending rally.</p>
<h2 class="wp-block-heading" id="technical-analysis-supports-bullish-outlook">Technical Analysis Supports Bullish Outlook</h2>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> is testing key support at $0.46 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;">. If it holds, we will see a bullish reversal towards $0.57 and then to $2.00 and beyond! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> RSI is showing potential for HUGe upward MOVE coming soon!! <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://t.co/6rZmRA4lxt" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6rZmRA4lxt</a></p>— Armando Pantoja (@_TallGuyTycoon) <a href="https://twitter.com/_TallGuyTycoon/status/1808706760447811612?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
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<p>Supporting the bullish outlook for XRP, analyst Armando Pantoja has provided a detailed technical analysis:</p>
<ol>
 <li><strong>Key Support Level</strong>: XRP is currently testing a crucial support level at $0.46. This price point is seen as a pivotal area that could determine the token’s short-term trajectory.</li>
 <li><strong>Bullish Reversal Targets</strong>: If the $0.46 support holds, Pantoja predicts a bullish reversal with initial targets at $0.57, followed by a more ambitious goal of $2.00 and beyond.</li>
 <li><strong>RSI Indicator</strong>: The Relative Strength Index (RSI), a momentum indicator used to assess overbought or oversold conditions is at 33, reflecting that the price is close to an oversold state and could reverse soon.</li>
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<p>This technical analysis provides a roadmap for XRP’s potential price movement, offering specific levels for traders and investors to watch.</p>
<p>As XRP tests key support levels and analysts draw parallels to its historic bull run, the coming weeks will be crucial in determining whether these bullish predictions materialize.&nbsp;&nbsp;</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/jasmy-coin-price-predicted-to-surge-10000-despite-bearish-crypto-market-sentiment/" target="_blank" rel="noopener noreferrer nofollow">Jasmy Coin Price Predicted to Surge 10,000% Despite Bearish Crypto Market Sentiment</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/ripple-xrp-price-might-pull-a-huge-rally-like-the-one-in-2017-heres-why/" rel="noopener noreferrer nofollow">Ripple (XRP) Price Might Pull A Huge Rally Like The One In 2017: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple (XRP) Price Might Pull A Huge Rally Like The One In 2017: Here’s Why

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