The year 2017, towards the end, was quite beautiful for the entire crypto market especially XRP, but ever since then, XRP and its contemporaries failed to rally up anywhere near their all-time high.
However, crypto traders are now saying XRP is reprinting its 2015 – 2018 trend when the cryptocurrency saw a gigantic price rise.
According to crypto trader Savoid on Trading View, fractals sometime repeat itself but for XRP, the last bullish trend that took the coin to its all-time high is yet to play out completely for the second time.
Savoid said based on a rigorous research he performed, the top 3 coins (BTC, ETH and XRP) have the potential of growing massively.
He said the new decade we just assumed is the time for cryptocurrencies to witness boom, describing 2017 rally as a mere appetizer.
Image Credit: TradingView
Savoid, as illustrated in a chart on TradingView, predicted that the price of XRP will reach $1 by the end of January.
He forecasted that if things go as analyzed, XRP will rally above $8 by March and $80 by November 2020.
Similarly, after observing the similarities between the present trend of XRP and that of 2017, trader CryptoBull said if history repeats itself, XRP will rally up greatly this month.
The trader made the assertion on Twitter, averring that if 2015-2017 fractal reprints for XRP, the cross-border oriented cryptocurrency will clinch $1 in the last days of January.
“We should see the following prices for XRP this month: January 13 – $0.27, January 22- $0.44, January 25 – $1,” CryptoBull claims.
Crypto Poll: More People Prefer to Invest $1K In XRP Than TRX and DGB
In a crypto poll by the CEO of ajoobz.com, it became clear that more people on Twitter perceive XRP has a better investment option than TRX and DGB.
The poll which inquired the best coin people would prefer to invest their $1000 in, saw 46.2% of the respondent choosing XRP amongst TRX and DGB, while the others pulled lesser votes.
— Eljaboom💥 (@Eljaboom) January 7, 2020
Crypto Market Situation
The present market trend has incited many analysts and traders in the ecosystem to believe that the slight recovery witnessed recently, alongside some other factors like the ongoing Iran and U.S. dispute, is a good reason to believe that the pre-halving bullish run is just around the corner.
Although John McAfee has rescinded on his $1 million price prediction for Bitcoin, many experts remain optimistic about Bitcoin’s price this year.
Meanwhile, at the time of writing, Bitcoin is trading at $8732, while XRP is changing hands at $0.2338.