XRP’s Price Could Surge: Analyst Highlights Historical Pattern

Crypto commentator Amonyx believes that a significant price movement for XRP could be imminent, based on a technical analysis suggesting a resemblance to the token’s history in 2017 and 2018. Amonyx linked to this assertion through his X post where he responded to an analysis by XRPunkie, which highlighted similarities between current market trends and historical occurrences. The analysis shows that XRP has shown similar structure over time with long wick testing the lowest support before a potential market recovery, a pattern seen in 2017 following its initial crash.