thecryptobasic.com
Prominent figures in the XRP community agree that XRP will completely change the narrative upon recapturing its long-standing ATH.
XRP has maintained its defense of the $0.60 price level, briefly dipping below it yesterday but now trading at $0.6062 as of press time. At this price, XRP boasts a month-to-date gain of over 27%, one of the largest for any mainstream crypto asset.
The XRP community is eagerly anticipating a decisive upward movement, as XRP has hovered around the $0.60 mark for more than a week. Amid this wait, commentators have continued to share their projections for XRP’s performance in the coming days, especially with the potential for a bullish resurgence.
Some have identified that XRP is uniquely charting the early 2017 bull pattern that culminated in an ATH. As a result, they predict a repeat of history, with XRP poised for a significant upswing.
How XRP Will “Change the Script”
In a recent post on X, notable community member “Freki OG” shared his insights on how XRP could defy expectations and rewrite the script for this bull run, similar to what happened in 2017.
He highlighted that during the last bull cycle, XRP faced significant headwinds due to the largest U.S. SEC battle in crypto history. Freki noted that the SEC suit suppressed its price action for the last bull run.
However, the market commentator emphasized that most people overlook a crucial point. According to him, if XRP breaks out above its $3.84 all-time high, it would completely flip the script and change the narrative. He stressed that it would open the door for more explosive price action.
The interesting thing about #XRP
Since it was hit last bull cycle with the largest SEC battle in the history of #crypto/networks suppressing its PA
The thing most fail to understand is ..
If this breaks out of approx $3.85 ATH from Jan 2018
It will flip the script completely
— 🐺 FREKI OG 🐺 (@Freki_OG) July 26, 2024
Moreover, the commentator noted that XRP is currently navigating heightened hate and disbelief among critics, stressing that this is exactly when XRP often takes naysayers by surprise.
Other Analysts Agree
Notably, Freki OG’s conviction that breaking the 6.5-year-old all-time high would unleash a surge in XRP’s value is a sentiment widely shared within the community and among market observers. Moon Lambo, a prominent figure in the XRP community, has expressed 100% agreement with this view.
Similarly, analyst Egrag had previously highlighted the significance of XRP breaking the $3.84 ATH, stating that it could “open the gates to Valhalla.” Egrag emphasized that surpassing this threshold is one of the crucial factors that could propel XRP to a new ATH of $17, representing a staggering 30-fold increase.
With XRP trading at around $0.6, reclaiming $3.84 requires the asset to soar by about 540%.