XRP Mirrors 2016 Trend That Led To 69% Crash Before 110,000% Rally
XRP has struggled to create any upside traction over the previous few days, with the worth rejecting above $2.15 in the course of the week and now again to lingering just above the $2 level.
A brand new long-term technical comparability shared by crypto analyst ChartNerd locations XRP’s worth conduct since its July all-time high of $3.65 into an attention-grabbing context, implying that what XRP is doing now resembles a section from its 2016 market cycle that factors to an incoming large rally.
Repeating 2016 Rejection And ABC Crash Structure
According to crypto analyst ChartNerd, XRP’s current structure matches an identical worth motion that unfolded in late 2016. when worth rejected an accumulation provide block and rolled into an ABC corrective transfer. That correction finally produced a 69% flash-wick decline that prolonged into the primary quarter of 2017.
The drop was extreme and unfolded over a number of months, ultimately pushing XRP to as little as $0.00240, however it will definitely represented the tip of the correction reasonably than the tip of the bullish cycle.
The chart accompanying the evaluation, which is proven under, highlights a similar rejection pattern forming now. This sample is predicated on how the XRP worth rejected at its most up-to-date all-time high in July. Since then, the month-to-month worth chart has been printing consecutive pink candles, with month-to-month closes persistently under opens.
At the time of writing, XRP is a few 44% correction from this all-time high. This means a 69% correction is but to play out in its entirety. Therefore, if historical past repeats, a full 69% ABC-style transfer from the all-time high would drag XRP again under $1 and as little as $0.8. This transfer is predicted to play out into the primary quarter of 2026.
XRP Price Chart. Source: @ChartNerdTA
Potential Drop Could Be A Set-Up For A Much Larger Rally
XRP is presently buying and selling at $2.04. Therefore, a deeper pullback under $1 will translate to a 51% lower from the present worth motion. The thought of a deeper pullback from $2 is hard to think about, especially given the inflows into Spot XRP ETFs. In truth, a pullback of that magnitude may take a look at conviction throughout the market and cause many bullish traders to step apart.
However, the technical evaluation frames it as a structural reset reasonably than the rest. In 2017, the post-crash consolidation laid the groundwork for certainly one of XRP’s most explosive rallies on file, finally delivering positive factors in extra of 110,000%.
If this sequence performs out as anticipated, then the true bullish alternative would develop later in 2026. From that reset zone, the chart tasks a long-term advance to the 1.618 Fibonacci extension, putting a possible upside goal round $27. The visible projection within the chart above reveals a clear multi-month enlargement zone that delivers a 2,300% acquire after the corrective section.
Featured picture from Unsplash, chart from TradingView
