XRP News Today: XRP Could Hit $212 If 2017 Bull Run Pattern Repeats 10 Percent

Recent analysis highlights a hypothetical scenario in which XRP replicates 10% of its 2017–2018 bull run, a period during which the token surged from approximately $0.005 in March 2017 to nearly $3.31 in January 2018, reflecting a cumulative increase of roughly 66,100% [1]. If a similar 10% fractal were to occur today, XRP could reach approximately $212, assuming current market conditions remain stable [1]. This projection implies a market capitalization of around $12.57 trillion, subject to the exact circulating supply [1].

A separate analyst has proposed a more moderate target of $34 for XRP during the current bull cycle, based on the token’s market capitalization and broader market conditions rather than a direct comparison to 2017 [2]. Another projection of $33.55 assumes the bull run begins from a price level of $0.50 in November 2024, a point some analysts believe could mark the start of a 2017-style fractal [1].

XRP’s historical underperformance in the 2020–2021 bull market is often attributed to regulatory and exchange-related limitations, including delisting and the U.S. Securities and Exchange Commission’s (SEC) enforcement action against Ripple in December 2020 [1]. These developments restricted liquidity and institutional engagement during a favorable market period. With Ripple and the SEC now moving to withdraw their appeals, many view the legal dispute as effectively resolved, potentially unlocking new market opportunities for XRP [1].

Chart technicians and Elliott-wave analysts, such as Charting Guy and EGRAG, have noted similarities between the current price structure and the 2017 fractal [1]. If this pattern holds, proportional gains could result in the lower-range projection of $33.55. However, analysts caution that a three-digit XRP price remains improbable without exceptional developments in liquidity, regulatory clarity, and institutional adoption [1].

While hypothetical price models can be useful for illustrating potential scale, they should be viewed as illustrative rather than predictive. The cryptocurrency market remains highly volatile, and outcomes depend on a range of factors, including regulatory shifts and macroeconomic trends [1].

Source:

[1] Projected XRP Price if It Mirrors 10% of Its 2017 Bull Run (https://timestabloid.com/projected-xrp-price-if-it-mirrors-10-of-its-2017-bull-run/)

[2] Is $30 XRP price a real possibility for this bull cycle? (https://www.coinglass.com/ru/news/531992)