{"id":4592,"date":"2025-05-12T04:11:07","date_gmt":"2025-05-12T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/new-xrp-rally-incoming-analyst-believes-this-cycle-is-unique\/"},"modified":"2025-05-12T04:11:07","modified_gmt":"2025-05-12T04:11:07","slug":"new-xrp-rally-incoming-analyst-believes-this-cycle-is-unique","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/new-xrp-rally-incoming-analyst-believes-this-cycle-is-unique\/","title":{"rendered":"New XRP Rally Incoming? Analyst Believes This Cycle Is Unique"},"content":{"rendered":"

XRP investors are keeping an eye on a crucial price level this week. Bitcoin<\/a> has managed to reclaim above $100,000 and Ethereum is over $2,300. XRP<\/a> has recorded a modest increase as well but still hovers at the lower part of the $2 price range. From a chart of a market observer who goes by the name of “Guy on the Earth,” XRP has held above a persistent horizontal trendline at $2.<\/p>\n

Historical Price Rollercoaster<\/strong><\/h2>\n

Back in March 2017, XRP burst in price, rising from $0.0055 to a high of $3.80. After peaking at that all-time high in January 2018, it fell hard. XRP initially broke through $2 on December 30, 2017. By January 13, 2018\u2014two weeks later\u2014it dipped below again. That initial test revealed the $2 level was more resistance than support for new buyers.<\/p>\n

Related Reading: Taiwan Official Proposes Bitcoin As Part Of National Reserve Strategy<\/p>\n

Failed Breaks After Rally<\/strong><\/h2>\n

XRP attempted to break past that level once more in April 2021. It peaked at $1.96 but could not make further progress. From January 2018 all the way up to December 2024, the $2 line acted as a ceiling. Traders watched it cap price action for almost seven years. Every time XRP hit against that wall, it fell back into the $1 zone.<\/p>\n

\n

$XRP<\/a><\/p>\n

Thats about as clean as it gets.<\/p>\n

This time it is different.<\/p>\n

This time it’s XRP. pic.twitter.com\/9mK8QVuQVX<\/a><\/p>\n

\u2014 Guy on the Earth (@guyontheearth) May 9, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Recent Break Above Two<\/strong><\/p>\n

Based on reports, XRP finally cleared the $2 trendline in December 2024, when broader markets jumped on a bullish wave. Since then, the coin has stayed above this line for almost five months. That\u2019s a first in XRP\u2019s history. While its bounce hasn\u2019t been as fast as Bitcoin\u2019s or Ethereum\u2019s, holding this level longer than ever feels different.<\/p>\n


\nAnalyst Predictions And Warnings<\/strong><\/p>\n

As per “Guy on the Earth,” remaining above $2 would pave the way for greater prices. He previously predicted an increase to $3.30, which already occurred. His next goal rests at $5.30, where he advises traders to take profit. He said “this time is different” for the altcoin.<\/a><\/p>\n

Wider Risks And Outlook<\/strong><\/p>\n

This trend in prices is just half the story. Ripple’s legal battle<\/a> against the SEC and regulatory updates for crypto would do the trick. On-chain metrics such as active accounts or large transfers would put some perspective behind that $2 hold.<\/p>\n

Traders should pay attention to sudden spikes in daily volume around this line. If XRP drops below $1.80 on a daily chart, some analysts will declare the setup invalid. For the moment, however, many view this extension above $2 as a signal that XRP’s next act could be better than its previous one.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

XRP investors are keeping an eye on a crucial price level this week. Bitcoin has managed to reclaim above $100,000 and Ethereum is over $2,300. XRP has recorded a modest increase as well but still hovers at the lower part of the $2 price range. From a chart of a market observer who goes by…<\/p>\n","protected":false},"author":1,"featured_media":4593,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[219],"tags":[220,98,65,19,419,150,153],"class_list":["post-4592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoin","tag-altcoins","tag-bitcoin","tag-crypto","tag-digital-currency","tag-xrp","tag-xrpusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=4592"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4593"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}