At the beginning of this year, the price of XRP was at $0.6295. Right now, it stands at $0.7965, marking a 26.52% growth year-to-date. Meanwhile, the Bitcoin market has experienced a massive growth of 98.13% during the same period. Many top cryptos, including Solana and BNB, have shown strong performance this year.
Is XRP missing out on the current crypto boom?
But here’s the twist—XRP has a history of surprising the market when least expected. Are we on the verge of a massive breakout? Let’s explore the possibilities.
Why Some Experts Are Skeptical
Despite XRP’s steady growth, many analysts are doubtful that it can perform well in this bull cycle. Reports show that at least 71 of the top 100 cryptocurrencies have outperformed XRP this year. While Bitcoin and Ethereum have surged by 98.13% and 154.26% YTD, XRP is still 382.23% below its all-time high of $3.84, reached in 2018.
These comparisons fuel concerns about XRP’s potential. However, XRP enthusiasts remain confident, pointing to the token’s history of dramatic price swings as a reason for hope.
Historical Patterns Suggest a Possible XRP Rally
XRP is known for its unpredictable price movements. During the 2017 bull cycle, it shocked the market with a 1,523% jump in just three weeks, following a long period of stagnation. Many supporters believe this pattern could repeat, suggesting that XRP’s slower start this year may set the stage for a big rally later.
Recent price action also supports this view. Since November 5, XRP has surged by 57.99%, including a 15.4% jump in the last 24 hours. This performance has outpaced most major cryptocurrencies, including Bitcoin (-2.7%), Ethereum (-6.0%), Solana (-5.9%), BNB (-2.7%), and Dogecoin (-8.4%).
XRP Future Price Target
Crypto analyst Javon Marks recently shared an optimistic outlook for XRP, setting a conservative target of $15. While this target may seem ambitious given its current price, it fits the belief that XRP’s history of sudden, sharp price movements could lead to another big rally.
XRP has always been unpredictable, and its history shows that it often experiences sudden rallies after periods of underperformance. If its past behavior is any indication, the recent surge could signal the start of a bigger movement.
With the current bull cycle still in full swing, XRP could yet surprise the market, whether investors are skeptical or hopeful.
Source: https://coinpedia.org/news/can-xrp-price-hit-1-in-next-15-days-how-high-will-xrp-go/