XRP Price: When Will XRP Reach $18?

What to Know:

• XRP retraced 65% from its recent high, mirroring a similar correction in 2017.
• Technical analysts point to wave-like patterns suggesting a bottom may be near.
• Historical patterns suggest a substantial rebound, potentially impacting institutional interest.

XRP has experienced a significant price correction, sparking discussions about its potential bottom and future trajectory. The digital asset recently mirrored a substantial percentage drop reminiscent of its 2017 performance. This has led analysts to examine historical patterns and wave-like structures to predict XRP’s next major move, with potential implications for institutional investment.

XRP’s Recent Price Action

Over the past several months, XRP has faced considerable downward pressure, aligning with broader market trends. This culminated in a drop to $1.11 on February 6, marking a 15-month low for the asset. This decline represents a 65% retracement from its January 2025 high of $3.4. The magnitude of this correction has drawn comparisons to historical price movements, specifically the 2017/2018 cycle.

Echoes of the 2017/2018 Cycle

Market analysts have noted striking similarities between XRP’s current price action and its behavior during the 2017/2018 bull run. During that period, XRP experienced a 68% drop, comparable to the recent 65% decline. What followed in 2017 was a remarkable 1,300% surge, propelling XRP to $3.31 by January 2018. The question now is whether history will repeat itself.

Analyzing Wave-Like Patterns

CryptoBull, among other market analysts, suggests that XRP’s current downtrend follows a wave-like structure that began in November 2024. Wave 1 saw XRP climb from $0.50 to $3.40 by January 2025, fueled by market enthusiasm. Wave 2 then initiated a corrective phase, pulling XRP down to $1.11 by February 6, representing a 68% decline from the peak.

Potential Rebound to $18?

If XRP were to replicate the 1,300% increase seen after the 2017 correction, the asset could potentially reach $18. While some analysts are targeting a more conservative $13, the historical data suggests a more ambitious upside. Such a move would likely attract significant institutional attention and inflows, given the potential for substantial returns.

Market Considerations and Caveats

While historical patterns provide valuable insights, they are not guarantees of future performance. Market conditions, regulatory developments, and broader macroeconomic factors can all influence XRP’s price trajectory. Investors should exercise caution and conduct thorough due diligence before making investment decisions. The digital asset market remains volatile, and past performance is not indicative of future results.

In conclusion, XRP’s recent price correction has sparked comparisons to its 2017/2018 cycle, raising the possibility of a significant rebound. Wave-like patterns and historical data suggest a potential move towards $18, which could attract institutional interest. However, investors should remain vigilant and consider the inherent risks of the digital asset market before making any investment decisions.

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Source: Original article