Technical Analysis Suggests XRP’s Playbook From 2017 Could Repeat In 2025
Crypto analyst Steph has offered an attention-grabbing comparability between XRP’s 2017 bull run and its present 2025 market construction in a submit on the social media platform X.
The submit, which was captured with “The $XRP playbook,” famous a repetition of its early accumulation section that preceded its large breakout eight years in the past. The technical evaluation locations 2017’s surge beside the altcoin’s ongoing consolidation across the $2 worth stage, predicting that the cryptocurrency might be entering a familiar setup for an additional explosive rally.
XRP Might Repeat The 2017 Blueprint
XRP’s worth motion previously few days has been defined by the cryptocurrency seeking to break previous $2.5. This transfer comes off the again of a flash crash last week, which precipitated the altcoin’s worth to create a robust draw back wick on the each day timeframe. This draw back wick, then again, was a fast break to the draw back amidst an its worth consolidation that has been dragging on since July.
Interestingly, dialing the worth motion a few years again exhibits XRP has performed out an identical sample like this earlier than. Back in 2017, the token spent months buying and selling sideways earlier than springing into a rare vertical rally that turned it into one of many best-performing cryptocurrencies of that bull cycle.
This pattern, which was also noted in a technical evaluation submit by STEPH IS CRYPTO on X, appears at the potential for the token repeating this rally once more. The left facet of Steph’s chart captures the 2017 worth motion vividly: a sluggish accumulation in early March adopted by an nearly parabolic ascent that pushed the worth from fractions of a cent to above $3 inside months.
The chart highlights how the upward curvature that started round February 2017 served because the launchpad for XRP’s historic surge. By framing this because the “playbook,” Steph implies that historical past might be on the verge of rhyming as soon as extra.
2025 Setup: The Calm Before The Storm
The proper facet of the chart picture above exhibits XRP’s 2025 each day chart mirroring that 2017 accumulation curve. The token has been oscillating around mid $2 to type what appears like a rounded backside sample. The annotation factors to November/December because the potential turning level.
Steph’s projected path exhibits the token consolidating between $2.5 and $3 for the subsequent few weeks earlier than getting into a robust vertical climb. The projection exhibits XRP breaking above $3 after which occurring a climb that takes it far above its present worth ranges. The projection line on the chart extends towards $24. This means if the 2017-style sample repeats, the altcoin might expertise an unprecedented worth appreciation that brings its new worth vary above $20.
Steph isn’t the primary analyst to take a look at similarities to the playbook in 2017. An analogous outlook from a crypto analyst often called ChartNerd predicted a breakout to $13.5 if XRP repeats the 2017 rally.