news 
Popular Altcoin, Ripple’s XRP Might Repeat History If This Bullish Pattern Holds
Ripple’s XRP has been gaining attention lately as its price action seems to be echoing past market cycles. A closer look at the charts reveals a disturbingly familiar pattern that could spell trouble for bears and delight bulls.
A deep dive into XRP’s historical data shows an uncanny similarity with previous cycles, specifically those seen in 2017 and 2021. Both instances saw significant price drops followed by a touch of the 200-day moving average (MA), which was later crossed below. However, this time around, the 50-day MA hasn’t breached the 200-day MA yet.
The importance of this bearish crossover cannot be overstated. According to Egrag Crypto, “As long as that MA crossover hasn’t happened, we’re still in a bull run.” This crucial point must be taken into account by traders and investors alike.
A closer examination of XRP’s past cycles reveals an unsettlingly consistent narrative: massive pumps followed similar technical patterns. As the data stands, there is reason to believe that history could repeat itself once more. If this pattern holds true, XRP might be on the cusp of a monumental price surge, potentially leading to gains of 1,000% or even 2,700%.
Source: https://cryptonewsland.com/xrp-might-repeat-history/
