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.
Historical 4-Phase Trend
He called attention to a historical trend that segments XRP’s price action into four phases, with each phase guiding price movements accordingly. For context, the trend first appeared on the 2-week XRP chart from mid-2014 to early 2018.
Specifically, the first phase emerged in July 2014. This phase featured a multi-year ascending trendline, as XRP consolidated while witnessing higher lows. This consolidation with higher lows persisted until March 2017, when Phase 2 began with an impressive price rebound above $0.07 by May 2017.
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.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
