How XRP Worth Might Replicate 2017 Worth Positive factors

Crypto analyst Dark Defender has highlighted an essential indicator that would trigger the XRP worth to repeat its legendary price move from 2017

Crypto analyst Dark Defender has highlighted a key indicator that could lead XRP’s price to repeat its legendary price move from 2017. Several other analysts have hinted at the possibility of XRP replicating its price gains from that bull run.

How XRP Price Could Replicate 2017 Price Gains

Dark Defender took to X (previously Twitter) to note that XRP’s current structure is identical to the 2014-2017 structure and will remain so as long as the $0.3917 “Point Of Control” is protected. According to the analyst, this Point Of Control (POC) marks the price level where the highest volume of trades have occurred since 2014.

Hence, with XRP maintaining this POC since 2014, the crypto token could replicate its historic price gain from 2017, where it rose by 61,000% in 280 days.

In another X post, Dark Defender also noted that XRP’s current price structure was identical to the 2013-2017 structure he had highlighted earlier. Considering this, he noted, “It will be a masterpiece to see $5.85 and above.”

Furthermore, Dark Defender highlighted another indicator that showed XRP’s bullish prospects. He noted that the crypto token’s daily and weekly Relative Strength Index (RSI) showed it was at “the bottom and oversold.” According to him, the monthly RSI was at the same level as March 2020 and November 2022.

Crypto analyst Mikybull Crypto also noted that XRP was likely to replicate its 2017 rally, considering the current price trajectory that the crypto token was following. He predicted that the crypt token could rally past $4 if this were to happen. Mikybull Crypto added that he was convinced about this scenario playing out for XRP because the sentiment around the crypto token was bearish.

Meanwhile, crypto analyst Javon Marks also hinted at XRP’s price gain when he recently predicted 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 was noted to be backed by historical data.

XRP Price To Still Rise As High As $18.22

In his latest X post, Dark Defender again predicted that XRP could still rise as high as $18.22. He noted that the crypto had hit the latest Fibonacci support of $0.3917 (also the POC) of the 5 Elliot Waves, with a target of $1.88, $5.85, and $18.22 now in sight. According to him, any move below $0.3917 would alter the structure he had been observing.

Meanwhile, the crypto analyst noted that a bullish divergence was present on XRP, hinting at the crypto token’s weekly RSI hitting the lower points, thus signaling that XRP was in an oversold zone.

At the time of writing, XRP was trading at around $0.42, down over 4% in the last 24 hours, according to data from CoinMarketCap.

Featured image generated with Dall.E, chart from Tradingview.com

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