XRP Momentum Mirrors Its Explosive 2017 Rally
- Analyst Dark Defender claims XRP’s monthly structure is similar to its high-momentum phase from the 2017–2018 rally.
- The analyst describes a “CRUCIAL BREAK” on November 10, leading to an impulsive regime, with XRP trading at $2.80.
- A projected price target of $10.47 was shared for XRP’s anticipated wave-5 structure.
- Dark Defender highlights consistent signals such as monthly closes above resistance and support from the Ichimoku Cloud and EMA baseline.
Dark Defender suggests that current market conditions for XRP mirror those of its last explosive phase in 2017. With technical indicators aligning similarly, the analyst remains bullish on XRP’s trajectory.
Whether this momentum will match the magnitude of past rallies depends on sustained signals like monthly closes and momentum above the Ichimoku Cloud and EMA baseline. (Source)
