Analysts have identified a recurring bullish engulfing XRP pattern since 2017, signaling a potential rally targeting $17.
The bullish engulfing candle pattern on XRP's yearly chart suggests an imminent rally, despite current consolidation around $2.
Historically, similar patterns have led to significant gains, with the current 13th yearly candle potentially replicating the 800% rally seen in 2021.
EGRAG Crypto's analysis points to a reliable technical formation that has preceded major price movements in XRP's history, indicating a potential upward momentum towards $17.