The post XRP Price Set to Soar? 2017 Pattern Signals Potential Breakout! appeared first on Coinpedia Fintech News
XRP is currently facing tough challenges, just like the rest of the crypto market, as prices hover in a tight range. However, prominent crypto trader Mikybull Crypto has labeled XRP’s chart a “technical time bomb,” hinting at an impending explosion in price. This raises hopes that XRP could be gearing up for a significant surge, reminiscent of its explosive rise in 2017.
XRP Set for a Major Breakout?
In a recent tweet post, Mikybull compared today’s price movements of XRP to those from 2017. He shared a long-term chart that shows XRP’s price is now stuck in a tight range. Historically, when XRP has been in this situation, it often leads to a big price increase, making many investors hopeful for a breakout soon.
Meanwhile, “It’s looking like a 2017 kind of price action formation,” Mikybull noted, recalling the explosive rise XRP experienced aft
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