XRP Price Prediction: Analyst Spots 2017 Setup on XRP Chart – New All-Time High Could Be Days Away

The XRP price has bounced by 2.5% in the past 24 hours, rising to $2.34 as the crypto market as a whole drops by the same percentage today.

XRP is now up by 6.5% in the past week and by 7% in the past fortnight, with the altcoin also sitting on a 435% increase over the last 12 months.

This is impressive performance, but some traders are expecting the coin to do even better things in the coming months, with one analyst on X – Charting Guy – pointing out that XRP’s chart this year is replicating the patterns of 2017/18.

This was when XRP reached a record high of $3.40, and given the alt’s fundamentals and Ripple’s growth this year, there’s every chance that it could hit a new ATH by the winter.

This week, the aforementioned Charting Guy posted a chart which superimposed XRP’s 2017/18 price action onto its performance over the previous year.

The overlap is considerable, with the recent highs in December and January lining up with the highs in December 2017 and January 2018.

$XRPBTC 2017 fractal zoomed in

literally couldn’t be more accurate

got the December high and January high TO THE EXACT DAY, let’s see how these next few months go

(fractal is about timing, direction, and structure, not exact price) https://t.co/04PjMGJxsz pic.twitter.com/FA6cdD6eJY

However, the XRP price suffered a big drop in August 2018, before rebounding into September.

And while XRP did recover in September 2018, we should note that the chart above is for XRP-Bitcoin, and not for XRP-USD (which witnessed continued declines after September’s rebound).

As such, Charting Guy’s parallels aren’t perhaps helpful for the present day, which differs from 2018 in that cryptocurrency adoption has increased considerably.

This means that we could expect the XRP price to recover in the later months of the year, perhaps after the US has sorted out its ongoing tariff issues with the rest of the world.

If we look at its chart today, we see that XRP is already beginning to recover some lost momentum.

Perhaps most notably, it has broken through the pennant its highs and lows had formed over the past six months or so, a sign that it may now be pushing on to a new, higher level.

We also see its RSI (yellow) climbing to 60 and moving upwards, while its MACD (orange, blue) has just turned positive for the first time since late May.

These are all positive signs, and they suggest that the XRP price could hit $2.50 again in the next few weeks, before plowing on to $3 by Q4.

And if the final quarter of the year does witness XRP ETF approvals, then the coin could pass $3.50.

While XRP looks ready to do good things later this year, many traders may want to diversify into newer coins, so as to increase their exposure to potential upside.

There’s no shortage of new, high-potential coins at the moment, with some of the most promising examples being presale coins.

One of the most interesting of these is Bitcoin Hyper (HYPER), an ERC-20 crypto that has now raised just over $2.1 million in its ICO.

Bitcoin Hyper is in the process of developing its own layer-two network for Bitcoin, which perhaps explains why so many investors are rushing to join its presale.

As an L2, Bitcoin Hyper will provide much lower transaction fees and much higher throughput than users would get from Bitcoin itself.

It provides instant bridging to and from its parent chain, with deposited BTC being converted into an ERC equivalent for use on Bitcoin Hyper’s network.

Its network will be compatible with Solana Virtual Machine (SVM), giving it a high level of performance and compatibility.

As for its native HYPER token, it will be necessary to pay for its transaction fees, while holders will also be able to stake it for passive income.

With over 13,000 followers on X, Bitcoin Hyper is already proving popular, with investors able to join its presale by going to the Bitcoin Hyper website.

HYPER currently costs $0.0122, although this will rise again in just under two days.

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