Same XRP Setup That Led To Over 1,000% Increase In 2017 Is Playing Out Again
XRP has shown a notable uptick in worth motion up to now 48 hours as XRP’s worth pushed larger from beneath $2 initially of the yr, nevertheless it now finds itself buying and selling close to the $2.40 area. Interestingly, this latest push is more than just a bounce, particularly as a longer-term chart construction reveals comparisons with XRP’s conduct forward of its 2017 breakout.
How The 2017 Structure Unfolded Before The Surge
Technical analysis of XRP’s present worth motion on the weekly candlestick timeframe chart reveals that the cryptocurrency is presently tracing out an analogous worth motion to what it went by means of again in 2017 on the 3-day chart.
In that ancient times, worth motion unfolded by means of a well-defined five-wave sequence, characterised by alternating phases of decline and restoration. Waves one, three, and 5 every pushed the worth decrease with corrective stress, whereas waves two and 4 produced non permanent rebounds that relieved promoting stress however failed to ascertain an enduring development reversal.
The last stage of that sequence was significantly essential. During the fifth wave, XRP’s decline slowed and compressed right into a falling wedge formation. XRP’s worth slipped beneath the $0.005 degree and ultimately stabilized round $0.00485, the place draw back follow-through grew to become more and more restricted.
From right here, the draw back stress regularly weakened, volatility contracted, and promoting momentum pale. When XRP lastly broke out of that compression, it shortly reclaimed the $0.008 zone and broke by means of $0.02, ensuing within the begin of a rally that finally delivered positive factors effectively in extra of 1,000%.
XRP Price Chart. Source: @Steph_iscrypto
According to Steph’s evaluation, XRP’s latest worth motion is following a remarkably comparable rhythm. After topping out round $3.40 in mid-2025, the cryptocurrency entered a corrective part that pushed the worth steadily decrease to create a falling wedge construction.
That decline found support at $1.74, the place promoting stress slowed and worth motion stopped making aggressive new lows. Now, it appears XRP is breaking out of the falling wedge and again to solidifying its worth motion above $2.
XRP Price Action In Focus
Now that XRP is back to trading above $2 and above the falling wedge, the following plan of action is to take a look at how the worth behaves from right here. Of course, essentially the most bullish plan of action is for XRP to repeat a 1,000% rally, which might place it at a worth goal round $22.
In phrases of how this plays out, there are resistance ranges to be careful for. The $2.30 space is an early take a look at, adopted by $2.50 and $2.80, that are prior consolidation ranges the place XRP slowed down throughout its push to all-time highs in 2025.
After that, the $3.10 worth degree and the earlier 2018 high at $3.40 are the foremost resistances that might have to be reclaimed. On the draw back, sustained weak point beneath $1.90, and particularly a transfer again towards $1.74, would problem the concept that the corrective part has totally performed out.
