Here is how 100 XRP tokens could be worth a whopping $10,000 if the XRP price follows the 2017 bull run trajectory.
XRP recorded one of its most historic runs from January to December 2017. By January 2018, XRP had outperformed the rest of the market, witnessing an incredible price increase. XRP sought to replicate this run during the 2021 bull market but faced stern opposition due to the SEC lawsuit.
Now, with XRP declared a non-security and the lawsuit about to conclude, market commentators feel a repeat of the 2017 run is imminent.
XRP’s 2017 Historic Run
For context, XRP began in 2017 with a low price of $0.00678 after having a bearish Q4 2016. Interestingly, during Q4 2016, the rest of the market witnessed the pre-bull run phase. Meanwhile, XRP underperformed largely, with this bearish trend spilling into 2017.
From the $0.00678 opening price in 2017, XRP collapsed to a low of $0.005 in February 2017. However, it eventually recovered, initially spiking to a peak of $0.3988 in May of that year. This run led to a massive correction, but XRP held above $0.1 and consolidated at this level until November.
XRP chart reveals that XRP formed a symmetrical triangle during the retracement from $0.3988 in May 2017. XRP eventually broke out of this triangle in December 2017, when it saw a monthly spike of 746%. It extended the run to January 2018, clinching the $3.31 all-time high.
Notably, XRP’s run saw it end 2017 at a price of $1.99, marking a massive 29,251% increase from the opening price of $0.00678. If the spillage into January 2018 is considered, XRP witnessed a historic 48,720% rally from January 2017 to January 2018.
100 XRP Could be Worth $10,000
Now, many analysts believe this bullish run could repeat this year. Interestingly, just like 2017, XRP also underperformed during this year’s pre-bull run phase. However, XRP saw a mild spike to a yearly peak of $0.7449 in March 2024. XRP has since corrected this run, forming a symmetrical triangle similar to the one in 2017.
If history repeats, XRP could face a few more months of persistent declines or consolidation. However, a breakout could materialize from October to December of this year. Analysts have set multiple targets for when such a breakout occurs, with the $100 level featuring prominently.
The $100 price target would skyrocket the worth of investors’ holdings. For instance, at the current price level of $0.60, 100 XRP is currently valued at $60. However, if XRP rises from 0.60$ to $100, 100 XRP would be worth $10,000.
Further, a spike to $100 would represent a 16,566% growth for XRP. Interestingly, this is significantly lower than the 29,251% rally from January to December 2017 and the 48,720% increase from January 2017 to December 2017.
Here is how 100 XRP tokens could be worth a whopping $10,000 if the XRP price follows the 2017 bull run trajectory.
XRP recorded one of its most historic runs from January to December 2017. By January 2018, XRP had outperformed the rest of the market, witnessing an incredible price increase. XRP sought to replicate this run during the 2021 bull market but faced stern opposition due to the SEC lawsuit.
Now, with XRP declared a non-security and the lawsuit about to conclude, market commentators feel a repeat of the 2017 run is imminent.
XRP’s 2017 Historic Run
For context, XRP began in 2017 with a low price of $0.00678 after having a bearish Q4 2016. Interestingly, during Q4 2016, the rest of the market witnessed the pre-bull run phase. Meanwhile, XRP underperformed largely, with this bearish trend spilling into 2017.
From the $0.00678 opening price in 2017, XRP collapsed to a low of $0.005 in February 2017. However, it eventually recovered, initially spiking to a peak of $0.3988 in May of that year. This run led to a massive correction, but XRP held above $0.1 and consolidated at this level until November.
XRP chart reveals that XRP formed a symmetrical triangle during the retracement from $0.3988 in May 2017. XRP eventually broke out of this triangle in December 2017, when it saw a monthly spike of 746%. It extended the run to January 2018, clinching the $3.31 all-time high.
Notably, XRP’s run saw it end 2017 at a price of $1.99, marking a massive 29,251% increase from the opening price of $0.00678. If the spillage into January 2018 is considered, XRP witnessed a historic 48,720% rally from January 2017 to January 2018.
100 XRP Could be Worth $10,000
Now, many analysts believe this bullish run could repeat this year. Interestingly, just like 2017, XRP also underperformed during this year’s pre-bull run phase. However, XRP saw a mild spike to a yearly peak of $0.7449 in March 2024. XRP has since corrected this run, forming a symmetrical triangle similar to the one in 2017.
If history repeats, XRP could face a few more months of persistent declines or consolidation. However, a breakout could materialize from October to December of this year. Analysts have set multiple targets for when such a breakout occurs, with the $100 level featuring prominently.
The $100 price target would skyrocket the worth of investors’ holdings. For instance, at the current price level of $0.60, 100 XRP is currently valued at $60. However, if XRP rises from 0.60$ to $100, 100 XRP would be worth $10,000.
Further, a spike to $100 would represent a 16,566% growth for XRP. Interestingly, this is significantly lower than the 29,251% rally from January to December 2017 and the 48,720% increase from January 2017 to December 2017.
