Recent analysis suggests that XRP may be poised for substantial gains reminiscent of its 2017 performance. With optimism building in the market, there is speculation that XRP could soon see significant upward movement following a period of consolidation.

Potential for 60,000% Price Gain

An indicator, the monthly Bollinger Band squeeze, points to the possibility of XRP replicating its remarkable 60,000% surge from the past. Analysts believe that XRP could potentially reach $250 based on historical trends.

Forecasts suggest that XRP may achieve substantial gains, with predictions ranging from $4 to $589 by various analysts. There is a consensus among experts that XRP is showing promising signs for a potential rally similar to what was observed in 2017.

Positive Momentum Building

Analysts anticipate a significant move for XRP in the near future, with expectations of a major rally similar to past cycles. The recent market rebound has instilled confidence in the potential for XRP to make substantial gains, with predictions ranging from $18 to $200.

Various analysts have expressed bullish sentiment regarding XRP’s future price movement. The consensus is that XRP has the potential for a significant price increase, with targets set at $20 and expectations of a notable surge once certain price levels are breached.

Currently, XRP is trading around $0.55, showing a 4% increase in the last 24 hours as per data from CoinMarketCap.