TL;DR

• Another analyst has weighed in on XRP’s price chart, indicating that the asset’s upcoming rally will melt faces.
• For now, though, Ripple’s token continues to consolidate and is even close to breaking below a key support level again.

EtherNasyonaL, a popular crypto analyst on X, outlined a possible scenario for XRP in the near future that relies on historic data, and especially its performance during the 2017 cycle. The chartist noted that the asset is currently following a very similar path, which sent it flying eight years ago.

TL;DR

• Another analyst has weighed in on XRP’s price chart, indicating that the asset’s upcoming rally will melt faces.
• For now, though, Ripple’s token continues to consolidate and is even close to breaking below a key support level again.

EtherNasyonaL, a popular crypto analyst on X, outlined a possible scenario for XRP in the near future that relies on historic data, and especially its performance during the 2017 cycle. The chartist noted that the asset is currently following a very similar path, which sent it flying eight years ago.