XRP price falls 15% in 3 days — Will Ripple’s legal setback mark the bottom?
XRP could see a 4,000% rally in the next bull market cycle, according to a fractal pattern reminiscent of its 2017 price surge.
XRP (XRP) has declined by nearly 15% so far in October, with its losses driven primarily by the United States Securities and Exchange Commission’s (SEC) renewed appeal in the Ripple lawsuit.
However, for some analysts, XRP’s drop might be a buying opportunity rather than a cause for concern. More specifically, the historical price patterns and recent whale accumulation suggest XRP price could be poised for a massive rally in the coming months.
Analyst CryptoBull highlighted a striking resemblance between XRP’s current price behavior and its 2017 bull market trajectory.
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Author: Yashu Gola
