XRP Price Prediction: Analyst Says ‘XRP Bull Run Is Far From Over’—Here's Why

A new look at XRP's price shows we might be just getting started with this upward move.

A technical analysis of XRP’s price suggests that the bull run may be far from over. The analysis highlights XRP’s cyclical price patterns, showing two prominent bull runs of 497 days each, occurring between 2017-2018 and 2020-2021. These periods were marked by exponential price increases.

The analysis points out that the ongoing rally in 2024, which stands at 200 days, differs from the previous 497-day cycles. It suggests that XRP’s price may still have significant upward momentum. The analysis also notes the role of support, resistance, and logarithmic trends in XRP’s price movements.

According to the analysis, XRP’s price tends to consolidate at critical price zones before sharp vertical movements. It highlights the importance of support levels, which have acted as points of accumulation, and resistance zones, which have often aligned with Fibonacci retracement levels.

The analysis also presents XRP’s price on a logarithmic chart, which showcases the exponential growth trajectory. It suggests the potential for parabolic price increases during bull runs, as seen in past cycles. However, the analysis notes that the current 200-day rally has yet to reach the magnitude or duration of prior cycles.