Following a massive leg-up in the price of XRP, optimism towards the altcoin’s future performance is growing significantly within the community, as evidenced by several bullish predictions from crypto analysts concerning its potential for more upside, possibly to a new all-time high in the ongoing market cycle.

Similarities Between XRP’s Current Trend And Past Market Trend

Given XRP’s substantial growth in the past few days, speculations about its next price direction have emerged sharply. However, Master Kenobi, a market expert and investor, has shared insights on the discussion, underlining that the altcoin might be moving in alignment with past performances that led to the formation of its present all-time high price.

After a careful examination of the weekly chart of XRP in order to determine its next possible trajectory, Master Kenobi highlighted that the asset started pumping in the current cycle about 204 days after the Bitcoin Halving event. Meanwhile, in the last 2 market cycles, it took the altcoin 224 days before experiencing a notable pump, which validates the market acceleration he had previously mentioned.

As a result, the expert claims that the current price movement of XRP closely matches the Penultimate bull market rather than the last one, suggesting a similar rally to a new all-time high may be on the horizon. “This provides an interesting foundation for speculating on a similar trajectory,” he stated.

Since Master Kenobi h

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Author: Godspower Owie