RATE Group | XRP Chart Identical to 2017 Before Massive 1,532% Rally, Says Cryptocurrency Analyst
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XRP Chart Identical to 2017 Before Massive 1,532% Rally, Says Cryptocurrency Analyst

16 Feb XRP Chart Identical to 2017 Before Massive 1,532% Rally, Says Cryptocurrency Analyst

Posted at 09:16h in Cryptocurrency News by

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A crypto analyst says he’s seeing parallels between XRP’s performance this year and its massive rise back in 2017.

The technical trader, known in the industry as Magic, tells his 31,000 followers that XRP’s current chart mirrors its price action back in late 2017. XRP briefly went parabolic at the time, clocking a 1,532% rally from $0.2352 on December 10, 2017 to an all-time high of $3.84 on January 3rd.

XRP hit the high mark two weeks after Bitcoin reached its all-time high of $20,089, according to data from CoinMarketCap.

Magic warns that there’s no guarantee XRP will go parabolic once again, and says anything can happen in the volatile world of crypto.

“This could be the real deal folks. XRP’s chart looks identical to 2017 before the massive rally, and resistance has been thoroughly destroyed. Nothing is guaranteed. Stops are my best friend in times like this.”

Source: CoinMarketCap, January 2020 – February 2020
Source:…

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