If this trend continues, the price of XRP will reach $10 in just three months.

The price of XRP is currently trading around the $2.2 mark after continuing its sharp fall over the last day. Analysts remain worried that the price of XRP may hit new highs sooner rather than later, though, with some predicting that it will hit the two-digit mark at $10 and higher. Interestingly, cryptocurrency researcher Cryptoinsightuk just stated his opinions on the social networking site X, noting a possible plan for XRP to reach this ambitious goal.

Mirroring the Price Trend of XRP in 2017

Cryptoinsightuk has given a convincing view on the current fall of XRP price and its previous rise, emphasizing how the current trend of the cryptocurrency is similar to the movement it underwent in 2017. At that time, XRP saw a brief period of consolidation in early 2017 before seeing a strong rebound that continued into 2018.

With this, Cryptoinsightuk's technical analysis on its day sized the action of price in respect to XRP's earlier breakout that occurred early in the month of October. Hence, if XRP were to continue its trend observed during 2017, it would most likely create another wild movement in the year 2025.

It is interesting that the analyst's overlay of the 2017 price action indicated that the XRP is nearly halfway through recreating its 460% price breakthrough from its early October range of $0.5. According to the expert, if things keep going this way, XRP should surpass $10 in the first quarter of 2025.

However, for Q1 2025, Cryptoinsightuk's predictions are even much higher than the first stated $10. The analyst predicts what he termed the "moon boy blow-off top" if the movement of XRP's price is to be maintained over the first quarter. Third or fourth quarter 2025 may see XRP reach $35 because it marked a more significant parabolic price spike.

Aspects which support the Bullish trend of XRP:

It is this ability that makes the cryptocurrency repeat the 2017 surge which makes CryptoinsightUK bullish towards XRP. XRP was at the time then a parabolic leap: the cryptocurrency grew from way below $0.0060 to reach its currently set all-time high: $3.40. If the math is all worked out, this stands to mean a return of over 56,000 percent within 12 months.

Market conditions in 2024 are different from those in 2017, even though XRP is currently in a favorable market sentiment to continue a big bullish climb. Moreover, compared to the amount of input capital required to achieve $3.4 in 2018, a much larger amount would be required to reach $10 or $35 at this moment.

The price of XRP may yet experience a similar spike in 2025 due to variables like political and anticipated regulatory optimism as well as growing institutional engagement. The anticipated spike in XRP's price may also be influenced by more general trends in the cryptocurrency market, such the performance of Bitcoin.

XRP is currently trading at $2.18. A 358% and 1,505% move would come from hitting the price goal of $10 and $35, respectively.

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