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Cryptollica, a pseudonymous market analyst, has segmented $XRP price action into four phases, expecting the final phase to push prices into the two-digit range.
His comments come amid the ongoing rebound staged by $XRP, as the broader market attempts to recover some of the losses of the past week. Notably, $XRP has increased by 1.45% in the last seven days, while Bitcoin (BTC) and Ethereum (ETH) have dropped 3.2% and 1.16% within this period.
Despite this, $XRP still nurses losses, especially in comparison to its value at the start of October. Currently trading for $2.45, $XRP has collapsed 13.4% since October. However, Cryptollica believes $XRP may be gearing up for its most explosive surge yet.
$XRP 2W Chart Cryptollica">
The second phase was brief and led to phase 3 in May 2017. For this Phase 3, $XRP surged further until it reached a peak of $0.3988 and then slipped back into a consolidation period from May to November 2017. The consolidation ended with the close of Phase 3, as Phase 4, the last part, pushed prices to highs above $3.31 by January 2018.
$XRP Repeating the 4-Phase Trend
Cryptollica believes this same 4-phase trend is playing out today. Data from his chart shows that this time, the first phase began after $XRP collapsed to $0.1140 in March 2020. From here, it followed an ascending trendline amid higher lows, as it consolidated between $0.3 and $0.7.
This lasted until November 2024, when $XRP surged past $1 and $2, entering Phase 2. Notably, the third phase featured a higher climb toward the $3 price region and then a collapse to $2, leading to another consolidation. Now, the analyst expects Phase 3 to end with the current bearish consolidation, leading to the last phase.
For Phase 4, Cryptollica suggests that $XRP may surge again, like it did from November 2017 to January 2018. According to the market watcher, this surge could push prices to $10, representing a 308% rise from current prices. Notably, the Phase 4 from 2017/2018 led to a 1,642% increase.
Interestingly, multiple analysts already expect $XRP to stage a full-blown rebound attempt this week. DustyBC noted that $XRP was showing great signs of such a rebound, predicting a possible recovery to $3.63 in the mid-term. According to him, $XRP will either explode this week or disappoint investors. There will be no in-betweens.
$XRP 8h Chart DustyBC">