Analysts who have tracked XRP price for years now notice a striking resemblance between its current movement and its breakout phases from 2017. As these insights unfold, attention is turning to an altcoin emerging as a potential rival to Ripple: RCO Finance (RCOF).
With its fractal patterns emerging, RCOF could be preparing for a massive breakout akin to XRP’s early price rallies. Could RCOF be set to outperform Ripple’s XRP in the coming months? Here’s what the experts are saying.
XRP Price: Is a $17 Rally on the Horizon?
The XRP price could skyrocket if it captures 10% to 20% of the global crypto market, with projections suggesting a price range of $8.77 to $17.54. After a recent surge above $1, Ripple’s XRP market dominance has grown to 2.09%, marking a significant rebound.
The fractal pattern highlighted in the analysis underscores the importance of closely monitoring the XRP price movements over the coming weeks. Currently trading around $2.46, the XRP price must overcome several resistance levels at $2.8, $4.1, $7.6, and $12.7 before reaching the coveted $16 mark.
Analysts believe a “face-melting” rally could ensue if these levels are breached, reminiscent of previous bullish trends in 2017.
Analyst EGRAG points to historical cycles and Fibonacci analysis, predicting that Ripple’s XRP dominance could increase to 5.9% and 6%, potentially triggering a broader rally. If Ripple’s $5 trillion market cap forecast comes true, the XRP price could see explosive gains, with a 20% dominance pushing its value to $17.54
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit