XRP Price Could Soon Reclaim Its All-Time High as Key Indicators Align with Historical Bullish Patterns

The digital asset is tracking a similar trend from 2017 when it surged over 1,700% in 63 days. With growing on-chain support and market optimism, analysts project a possible XRP price spike toward $27.

XRP price could soon reclaim its all-time high as key indicators align with historical bullish patterns. A legal expert predicts a possible scenario where XRP surges toward $27.

What Is Being Predicted For XRP Price By October 2017 Section?

XRP price has maintained a firm trajectory despite recent volatility, showing signs of a significant upward trend. Analyst EGRAG CRYPTO highlighted that the current market mirrors the pre-rally setup of October 2017. During that period, the digital asset surged over 1,700%, setting its previous all-time high at around $3.84.

If #XRP is repeating the last section or pattern from October 2017, we might be on the brink of a major breakout soon!

Back in October 2017, XRP took roughly 63 days to explode and set a new all-time high, skyrocketing 1700% over that time span. It's interesting to note that during this rally, the price tested the 21-week EMA a few times before breaking out completely. This indicator, serving as a firm support level, helped defend against downward pressure before the last major rally. Ultimately, the 21-week EMA acted as a springboard for an incredible upward move, which is highlighted in the chart above. Notably, once the price broke out of the Fibonacci 1.414 level (around $0.17), it signaled a strong continuation of the bullish trend, setting the stage for a final push beyond the $0.20 mark to trigger a full-fledged breakout.

The same analyst now projects a similar move, suggesting that XRP price could hit $27 within the next 63 days. He highlighted the 21-week exponential moving average as a strong firm support level.

EGRAG noted that the altcoin should remain above $2.3 to maintain its bullish stance in the short term. A break above the Fibonacci 1.414 level, around $2.7, may confirm sustained momentum. If conditions align, a final push beyond the $3 mark is expected to trigger a full breakout.

The legal expert stated that if the apex court strikes down the SEC's actions, it would deal a significant setback to the regulator and could open up opportunities for crypto to flourish.

"If the Supreme Court rules in favor of the administration and strikes down the SEC's overreach, it will be a major setback for the regulator and a huge win for crypto. The implications for XRP and the broader digital asset ecosystem are enormous," legal expert John Deaton stated in a recent post.

He further highlighted that the court's decision could reshape the legal and regulatory landscape for crypto in the United States.

"The Supreme Court's ruling will have far-reaching consequences for the future of crypto in the U.S.," Deaton added.

He also noted that the apex court's verdict is expected by the end of June.

Highlighting the potential impact on XRP, Deaton stated that if the court rules against the SEC and in favor of the administration, it could clear the way for a surge in XRP price and market cap.

"If the Court rules against the SEC and in favor of the administration (which I believe will happen), we can expect to see a huge rally in XRP price and market cap. It's going to be epic!"

suggesting that XRP might even surpass Ethereum in market capitalization.

"I can see a scenario where XRP surges and surpasses ETH in market cap. It's going to be interesting to see how it plays out."

The post Legal Expert Predicts Scenario Where XRP Surpasses ETH In Market Cap After Supreme Court Decision Predicts a possible scenario where the price of XRP could surge and overtake Ethereum to become the second-largest cryptocurrency by market capitalization following Bitcoin.suggesting that the apex court’s verdict could be a setback for the regulator and open up opportunities for crypto to flourish.

"If the Supreme Court rules in favor of the administration and strikes down the SEC’s overreach, it will be a major setback for the regulator and a huge win for crypto. The implications for XRP and the broader digital asset ecosystem are enormous.

The apex court’s decision could reshape the legal and regulatory landscape for crypto in the United States, according to the legal expert.

“The Supreme Court’s ruling will have far-reaching consequences for the future of crypto in the U.S.,” Deaton stated in a recent post.

Highlighting the potential impact on XRP, Deaton stated that if the court rules against the SEC and in favor of the administration, it could clear the way for a surge in XRP price and market cap.

“If the Court rules against the SEC and in favor of the administration (which I believe will happen), we can expect to see a huge rally in XRP price and market cap. It’s going to