Same XRP Setup That Led To Over 1,000% Increase In 2017 Is Playing Out Again

XRP has shown a notable uptick in price action in the past 48 hours as XRP’s price pushed higher from below $2 at the beginning of the year, but it now finds itself trading near the $2.40 region.  Interestingly, this recent push is more than just a bounce, especially as a longer-term chart structure shows comparisons with XRP’s behavior ahead of its 2017 breakout. How The 2017 Structure Unfolded Before The Surge Technical analysis of XRP’s current price action on the weekly candlestick timeframe chart shows that the cryptocurrency is currently tracing out a similar price action to what it went through back in 2017 on the 3-day chart.  In that earlier period, price action unfolded through a well-defined five-wave sequence, characterized by alternating phases of declin...