- Analyst Dark Defender cautions XRP holders as the token lags in the current bull cycle.
- XRP saw a staggering 60,000% increase between early 2017 and 2018.
- The analyst parallels XRP’s current position and the historic 2017 surge, hinting at a possible repeat.
Analyst Dark Defender has cautioned XRP holders who have grown increasingly impatient with the asset’s performance. XRP, unlike other top-ranking tokens, has not seen a significant rally since the start of the current bull cycle in late 2023.
Ripple’s quarterly market reports for Q4 2023 and Q1 2024 confirmed XRP’s underperformance, revealing a mere 7% increase in Q4 2023 followed by a 5% decline by the end of Q1 2024. During the same period, rivals like Bitcoin and BNB reached new all-time highs.
With frustration mounting among XRP holders, reputable market observers urge caution, emphasizing that XRP’s trajectory closely mirrors its 2017 pattern. Notably, XRP traded as low as $0.00639 in January 2017, a price range it had maintained since 2015.
By December 2017, XRP was trading at $0.22. In a remarkable turn of events, XRP experienced an explosive rally that propelled its value to $3.84 by January…
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