XRP Bull Run Reloaded: Analyst Says Momentum Mirrors 2017’s Explosive Rally
Crypto chartist Dark Defender says XRP’s present month-to-month construction has flipped again to the identical high-momentum regime that preceded its 2017–2018 vertical run, arguing {that a} contemporary impulsive wave is underway after final 12 months’s breakout. In an in depth thread accompanying a multi-year month-to-month chart, the analyst urged followers to section XRP’s historical past into “Left – Middle – Right,” contrasting a 2017 impulsive setup, a 2021 corrective detour, and what he calls in the present day’s renewed continuation part.
XRP Is Repeating 2017
On the left aspect of the chart, Dark Defender highlights the 2017 template: candles closing above prior highs, value holding above Ichimoku Cloud help, elevated Relative Strength Index, and month-to-month closes above a key exponential transferring common. “XRP had an impulsive wave by the tip of 2017. This prompted the RSI spike with an enormous momentum… Volume and the velocity had been high, so was Momentum,” he wrote, including that the thrust concluded a “five-wave” advance earlier than a multi-month triangle consolidation shaped. The RSI, he famous, flattened however stayed above his smoothed baseline, which he interprets as a bullish continuation sign slightly than exhaustion.
The center part—anchored round 2021—marks the counterpoint. Dark Defender characterizes this era as a corrective A-B construction, with an A-wave decline from the 2018 peak and a B-wave rally that topped at $1.96. Momentum signatures weakened, and the development misplaced its structural helps. “First and foremost, the structure in 2021 was a CORRECTIVE STRUCTURE,” he wrote.
“The value was under the Ichimoku Clouds, therefore bearish… The Triangle didn’t have any candles above the orange resistance… The exponential transferring common… was damaged draw back.” He additionally reminds readers that “the lawsuit was ongoing,” situating the sample in a interval of headline danger and depressed development high quality.
The right-hand panel is the place his thesis turns decisively bullish. Dark Defender says a “CRUCIAL BREAK” he flagged on November 10, 2024 preceded a long-lasting upside extension that, in his view, reestablished an impulsive regime. “We introduced a CRUCIAL BREAK… that XRP was going to interrupt the ATH. Yes, 1 day earlier than the intensive break,” he wrote, linking again to his prior put up.
He argues that the following advance delivered the mandatory guidelines for development validation: month-to-month Heikin Ashi closes above earlier highs, value reclaiming and holding above the Ichimoku Cloud, a collection of closes above the purple EMA baseline, and a resurgent RSI profile that he explicitly compares to the 2017 impulse. “The IMPULSIVE WAVE construction has not but been finalised,” he added, cautioning {that a} February 2025 pullback was corrective inside a bigger advance slightly than the tip of the transfer.
Technically, the thread’s comparative anatomy hinges on constant indicators throughout timeframes and instruments. In 2017 and once more now, candles closed above resistance inside triangle setups as an alternative of failing on the boundary; value lived above Cloud help slightly than beneath it; and the moving-average “purple line” acted as dynamic help slightly than resistance.
Meanwhile, the RSI sequence that degraded in 2021—“medium energy… adopted by the low energy”—has flipped again to what he calls a “comparable high momentum like in 2017, however not in 2021.” In his abstract, the 2017 section was “solely an impulsive 5 Wave construction,” 2021 was “Corrective and due to this fact Weak,” and 2024–2025 displays a “NEW IMPULSIVE STRUCTURE” with continuation potential.
The analyst’s tone is unambiguously constructive. “Considering all of the above information, I stay bullish on XRP and the broader blockchain,” he wrote. “We are getting into a brand new period… and I believe the way forward for Ripple and XRP is vibrant, following the lodestar, Polaris.” He closes with a attribute chorus to “assume positively,” however the core of the argument rests on the guidelines of trend-confirmation objects now in place on the month-to-month chart.
Whether XRP in the end reproduces the magnitude of its 2017 move will rely upon how lengthy these indicators persist—month-to-month closes, momentum sustainability above the Cloud, and respect for the EMA baseline—but Dark Defender’s comparative framework is specific: the market circumstances that fostered XRP’s final explosive part are, in his studying, again on the board.
While the analyst shunned naming an specific value goal in his newest put up, he had outlined one earlier this month. In an October 2 put up on X, Dark Defender wrote, “We had been proper on XRP. RSI weekly break, weekly development break, targets are clear. Nothing can cease what’s coming,” sharing a projected $10.47 goal because the fruits of XRP’s anticipated wave-5 construction.
At press time, XRP traded at $2.80.