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XRP price has continued its strong correction in the last 24 hours, and is currently hovering around the $2.2 price level. However, analysts are still concerned about the possibility of XRP price hitting new highs sooner rather than later, with some giving projections on the double-digit threshold at $10 and above. Interestingly, cryptoanalyst Cryptoinsightuk recently shared his thoughts on social media platform X, drawing attention to a possible roadmap for XRP to achieve this ambitious goal.
Mirroring the 2017 XRP price pattern
Cryptoinsightuk has brought a compelling perspective to XRP’s ongoing price correction and its previous rally, highlighting how your current trajectory It looks similar to the move it experienced in 2017. Back then, XRP consolidated a bit in early 2017 before experiencing a powerful rally that extended into 2018.
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With this in mind, Cryptoinsightuk technical analysis scaled the price action at that time to size relative to XRP’s previous breakout in early October. According to this, if XRP continues to follow the 2017 pattern, the cryptocurrency could replicate this crazy move throughout 2025.
Interestingly, the analyst’s overlay of the 2017 price action suggested that XRP’s 460% price breakout from its $0.5 range in early October is already halfway to replicating this move. If this continues, the analyst expects XRP to surpass $10 in the first quarter of 2025.
However, Cryptoinsightuk’s projections extend beyond this initial target of $10 in the first quarter of 2025. If the XRP price continues to mimic the historical move beyond the first quarter, the analyst envisions what he describes as a ” exploding moon boy.” This phase, characterized by a further parabolic rise in price, could take XRP to $35 by Q3 or Q4 of 2025.
Factors Driving XRP’s Bullish Trajectory
CryptoinsightUK’s bullish outlook on XRP depends on the cryptocurrency’s ability to replicate its 2017 move. Back then, the parabolic rise saw . If we add up the numbers, this equates to a gain of around 56,000% in about 12 months.
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While It would be much larger than expected. It took a while to reach $3.4 in 2018.
However, greater institutional participation and factors such as political and expected regulatory positivity in 2025 suggest that the price of XRP could still see a comparable rise. Additionally, broader crypto market trends, such as the performance of Bitcoin, could contribute to the projected XRP price rise.
At the time of writing, XRP is trading at $2.18. Hitting the price targets of $10 and $35 would translate into a move of 358% and 1,505%, respectively.
Featured image created with Dall.E, chart from Tradingview.com
