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At the beginning of this year, the price of XRP was at $0.6295. Right now, it stands at $0.7965, marking a 26.52% growth year-to-date. Meanwhile, the Bitcoin market has experienced a massive growth of 98.13% during the same period. Many top cryptos, including Solana and BNB, have shown strong performance this year.
Some experts argue that the XRP market may not perform better in this crypto bull cycle. However, not all, especially XRP enthusiasts, accept the view. They have several strong reasons to believe that hope remains for the XRP market. Let’s understand why they are still confident, even in these final moments.
XRP’s Slow Growth Compared to Other Top Cryptos
As said earlier, most top cryptos, especially Bitcoin, Ethereum, Solana and BNB, have outperformed XRP this year. The BTC market has recorded a 98.13% surge YTD, and the ETH market has reported a 154.26% rise YTD. Reports reveal that among the top 100 cryptocurrencies, at least 71 have outperformed XRP this year. The current price of XRP is at least 382.23% lower than its all-time high of $3.84.
Historical Patterns Show Hope for an XRP Bull Run
XRP is known for its unpredictable price action. During previous crypto bull cycles, it surprised many with its unexpected price movements. In late 2017, the price of the XRP market jumped by nearly 1,523% within a short period of three weeks after a prolonged period of market stagnation. Many XRP enthusiasts believe that the market will repeat this behavioural pattern in the current cycle as well.
Recent Bullish Signals Spark Optimism Among XRP Holders
Since November 5, the XRP market has experienced a notable surge of 57.99%. In the last 24 hours, the market has climbed nearly 15.4%, outperforming almost all the top cryptos, including Bitcoin (-2.7%), Ethereum (-6.0%), Solana (-5.9%), BNB (-2.7%), Dogecoin (-8.4%), and Cardano (+2.5%). This performance indicates that XRP could repeat its historic pattern in this cycle.
XRP Future Price Target
Expressing an optimistic outlook about the potential growth of XRP, crypto analyst Javon Marks recently suggested a conservative target of $15 for the XRP market.
In conclusion, if XRP’s past patterns hold, this could be the start of a remarkable rally.