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<p>XRP is currently facing tough challenges, just like the rest of the crypto market, as prices hover in a tight range. However, prominent crypto trader Mikybull Crypto has labeled XRP’s chart a “technical time bomb,” hinting at an impending explosion in price. This raises hopes that XRP could be gearing up for a significant surge, reminiscent of its explosive rise in 2017.</p>   
<h2 class="wp-block-heading" id="h-xrp-set-for-a-major-breakout">XRP Set for a Major Breakout?</h2>   
<p>In a recent tweet post, Mikybull compared today’s price movements of XRP to those from 2017. He shared a long-term chart that shows XRP’s price is now stuck in a tight range. Historically, when <a href="https://coinpedia.org/price-analysis/xrp-price-prediction-ripple-finds-strong-support-eyes-to-hit-0-63/">XRP has been</a> in this situation, it often leads to a big price increase, making many investors hopeful for a breakout soon.&nbsp;</p>   
<p>Meanwhile, “It’s looking like a 2017 kind of price action formation,” Mikybull noted, recalling the explosive rise XRP experienced after a similar period of stability seven years ago.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/MikybullCrypto/status/1836296541809561842 
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</figure>   
<p>In 2017, XRP saw a time of quiet trading with small price changes. Then, suddenly, it surged and hit an all-time high. However, the trend turned downward in 2018, leading to different price patterns.</p>   
<p>Currently, XRP's chart displays a compression of the Bollinger Bands, an indicator of market volatility. Historically, when these bands tighten, it signals that an asset is gearing up for a substantial price move. This has many analysts making bold <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price predictions</a>, anticipating significant movement soon.</p>   
<h3 class="wp-block-heading" id="h-the-anticipation-of-a-breakout">The Anticipation of a Breakout</h3>   
<p><a href="https://coinpedia.org/news/xrp-price-predictions-for-2025-what-happens-if-bitcoin-surges-to-150k/" target="_blank" rel="noreferrer noopener">XRP is also trading</a> within a massive triangle pattern, nearing a crucial breaking point. While analysts acknowledge that a breakout could occur either upward or downward, the consensus is leaning toward an upward movement. Some skeptics, considering various indicators, have noted that the downside risk for XRP appears low.</p>   
<h2 class="wp-block-heading" id="h-xrp-price-to-hit-4">XRP Price To Hit $4</h2>   
<p>Mikybull is optimistic about XRP’s future, viewing it as a technical time bomb ready to explode. While he did not specify exact price targets in this latest analysis, he previously suggested a realistic target of $4. Other analysts are even more ambitious, with projections soaring as high as $300, referencing the historic rally of over 75,000% seen in 2017.</p>   
<p>As of now, XRP is priced at $0.58, <a href="https://coinpedia.org/news/crypto-news-today-sept-21st-2024-is-this-why-bitcoin-price-is-down-today/" target="_blank" rel="noreferrer noopener">reflecting an 84.75% drop</a> from its all-time high of $3.4.&nbsp; With excitement building in the community, the big question remains: is XRP about to make a significant breakout? All eyes are on how XRP will handle this important moment.</p>   
<p>Also Check Out: <a href="https://coinpedia.org/news/xrp-price-predictions-for-2025-what-happens-if-bitcoin-surges-to-150k/">XRP Price Predictions for 2025: What Happens if Bitcoin Surges to $150K?</a></p>

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