XRP Price Prediction: Breakout Chart Identical to 2017 Rally Sparks Bullish Frenzy

The XRP price has reclaimed $2.23 today, with its 1% increase coming as the cryptocurrency market as a whole falls by 2% in the past 24 hours.

XRP is now up by 3% in a week, and while it remains down by 6% in the last 30 days it boasts an impressive 350% increase in a year.

And what’s bullish today is that its chart is producing a pattern we last saw in 2017, prior to enjoying a huge breakout to its still-current ATH of $3.40.

This could mean that something similar is about to happen again, and given Ripple’s strong fundamentals, the long-term XRP price prediction looks very promising.

XRP Price Prediction: Breakout Chart Identical to 2017 Rally Sparks Bullish Frenzy

If we zoom out and look at XRP’s one-week chart, it becomes clear that it may be on the same path as it followed in 2017, albeit on a bigger scale.

Back in 2017, XRP experienced an initial rally to about $0.4 in May, before correcting a little over the summer and then launching a surge towards $3.40 in December and January.

We could therefore argue that something similar is happening this year: after reaching a seven-year high of $3.31 in January, the XRP price has corrected to $2.23 but now appears to be regathering the momentum whereby it could rise even higher.

Of course, history does not always repeat itself, so trader’s shouldn’t take the reproduction of past patterns as a given.

But if we zoom in and look at the coin’s one-day chart, we see that its support (green) and resistance (red) levels have formed a bullish pennant.

We could see the XRP price break out from the increasingly narrow band it has been occupying in recent weeks, potentially rising towards $3 by the end of the summer.

Analysts also suspect that XRP is close to doing something big, with Dark Defender predicting that the coin will hit a new all-time high this year.

This will depend on the coin breaking through its current resistance level at around $2.50, while it will also depend on the fate of numerous XRP ETF applications.

But with Ripple expanding its cross-border payment business recently, the XRP price is certainly in a good position to continue rising throughout the rest of the year.

New Altcoins Bring Big-Rally Potential

While XRP remains one of the most bullish major tokens in the market, it won’t be the only altcoin gaining strongly in the second half of the year.

There will also be a variety of newer tokens that will do well, with certain presale coins in a good position now to outpace the market once they launch.

One of these is Bitcoin Bull (BTCBULL), an ERC-20 token that has now raised $6.9 million in its soon-to-be-ending sale.

With 20 days left to run, BTCBULL’s presale has been gaining momentum, with investors very enthusiastic about the coin’s deflationary tokenomics.

In particular, it will have a hard cap of 21 billion BTCBULL, with the coin’s team planning to conduct token burns whenever Bitcoin (BTC) reaches new price milestones.

The first burn will take place when BTC hits $125,000, with subsequent burns taking place with each additional $25,000 gained.

On top of this, Bitcoin Bull will also host airdrops – of BTC itself – whenever Bitcoin hits a new $50,000 milestone, beginning with $150,000.

This could make BTCBULL incredibly profitable to hold, with owners also able to stake the token for a passive income.

While its sale is ending soon, investors can still join by going to the Bitcoin Bull website and connecting a wallet.

BTCBULL is selling at its final presale price of $0.002555, although the success of its sale suggests that it could have a very strong listing.

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