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Analyst says XRP chart mirrors 2016 run to $23

Original: xrp

Crypto analyst EGRAG is drawing attention for arguing that XRP's current chart pattern closely resembles its 2016 setup, projecting a potential price target of $23. He notes, however, that in 2016 XRP fell for five straight months before its big rally, meaning further downside could come first. Traders are debating whether history will repeat.

Why now: XRP holders are watching whether the 2016 comparison signals a major rally or months of decline first.

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