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XRP's Fibonacci Circle Signals Colossal 1,700% Rally Ahead, Top Expert Says
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XRP’s Fibonacci Circle Signals Colossal 1,700% Rally Ahead, Top Expert Says

Ronaldo Marquez
Ronaldo Marquez
1 month ago
3 mins read
XRP

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While the XRP price has recently lagged behind Bitcoin’s (BTC) impressive performance, which saw the leading cryptocurrency reach a new all-time high, analysts are turning their attention to promising indicators that suggest a substantial move for the altcoin could be imminent. 

XRP Price May Follow 2017 Pattern For Explosive Growth

Market expert Egrag Crypto recently shared a Fibonacci analysis on social media platform X (formerly Twitter), highlighting the potential for the XRP price to outperform many top cryptocurrencies in the coming weeks.

Egrag Crypto points to a historical pattern from October 2017, suggesting that XRP may be on the verge of a major breakout reminiscent of that period. In late 2017, the altcoin experienced a meteoric rise, increasing by an astonishing 1,772% in just 63 days. 

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The analyst asserts that if the current price action follows a similar trajectory, XRP could potentially surge to around $27 within the next two months. 

The analyst emphasizes the importance of the 21-week Exponential Moving Average (EMA) as a critical support level, indicating that maintaining a price above $2.30 will be essential for sustaining bullish momentum.

‘Mega Green Candles’ Soon?

For a bullish breakout to materialize, Egrag Crypto identifies the need for XRP to close above the Fibonacci 1.414 level, which is approximately $2.70. Achieving this level would serve as a strong bullish signal, paving the way for further upward movement. 

The ultimate target, according to the analysis, would be to break through the $3.00 mark, which represents a significant high from February 24, 2025. If historical patterns hold true, this peak could occur around July 21, 2025, aligning with expectations that Bitcoin may also challenge new all-time highs during that time frame.

Another analyst, known as MackAttackXRP, has echoed similar sentiments, stating that the altcoin is currently in an accumulation phase that began in early December 2024. 

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The analyst notes that the altcoin has been facing resistance in the $2.60 to $2.80 range. However, he believes that once the XRP price breaks through this resistance, it could trigger a substantial rally characterized by “mega green candles.”

MackAttackXRP further highlights the bullish market structure that XRP has maintained since November 2024, describing it as one of the most robust trends he has observed historically. 

The analyst also points out that there is a significant amount of capital waiting on the sidelines, poised for investment once a structural change in value occurs.

XRP
The 1D chart shows XRP’s price consolidation pattern. Source: XRPUSDT on TradingView.com

When writing, XRP trades at $2.33, registering a 6% surge on the monthly time frame. However, when looking at the year-to-date performance, the altcoin is the best performer with a 332% compared to its peers in the top ten largest cryptocurrency’s by market cap. 

Featured image from DALL-E, chart from TradingView.com 

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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