XRP Technical Setup Hints at Potential Bull Run as Stablecoin Milestone Reaches $1 Billion

Crypto analyst ChartNerd predicts a potential surge for XRP if historical patterns from the 2017 bull market repeat in today’s cycle. They based this prediction on XRP’s three-month exponential moving average (EMA) and the stablecoin’s rapid growth, which mirrors past trends. ChartNerd details this analysis in an X post, highlighting that during the 2017 rally, XRP consolidated before a significant surge of over 25x. This similar pattern is forming in the current 2023 cycle, with XRP hitting its three-month 20-EMA and entering a cooling phase before another potential breakout.