XRP’s price may be in for a significant change, with a warning from an expert. Comparing it to the 2017 rally and crash, the analyst predicts a possible major surge followed by a sharp 90% drop soon after.
Based on the expert’s analysis, XRP’s current price pattern resembles that of 2017. A Bullish Stochastic RSI cross back then led to a massive 20x price increase before a staggering 96% crash hit, catching many investors off guard.
Approaching another crucial SRSI cross, XRP could be on the brink of a significant move similar to the 2017 rally. The expert noted similarities between the present time and the period before the 20x surge in 2017, suggesting a potential rapid rise followed by a steep decline.
Traders are urged to be among the 5% of ‘smart money’ who secure profits early. The analyst highlights a future “pink box” area on the chart where a predicted 90% crash might occur after the next market peak. The question posed is whether traders will act wisely or risk losing out like many did in past cycles.
While short-term price speculation may be influenced by “utility” stories, the analyst emphasizes the importance of timing the exit correctly. Market enthusiasm typically peaks before a significant downturn, a historical trend that investors should be wary of.
The monthly Stochastic RSI cross is the key indicator to monitor at this stage. Traders are advised to await confirmation of this signal, which mirrors the setup preceding XRP’s notable 2017 surge. The analyst hints at a critical moment approaching that could determine XRP’s future price direction.
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