XRP News Today: XRP Price Surges 10 Percent in 24 Hours, Mirroring 2017 Bull Run

XRP, the cryptocurrency, is currently exhibiting a pattern reminiscent of its 2017 bull run, with a clean retest and consolidation just below the previous all-time high of $3.3. This movement has sparked comparisons to its historical price action, where XRP touched its prior all-time high, consolidated beneath it, and then experienced an explosive breakout.

According to a recent tweet by Galaxy, XRP's price structure is repeating a familiar sequence. The sequence involves touching the previous all-time high, consolidating under it, and then breaking through the all-time high, leading to a sustained bull run. This pattern was observed in 2017 when XRP broke through the $0.40 region, catalyzing a rally that took it above $3. Currently, XRP has touched the $3.3 all-time high from its 2018 cycle and has been consolidating just beneath this level for months, building significant bullish pressure.

If XRP successfully breaks above the $3.3 resistance, it could invalidate the multi-year consolidation phase and mark the beginning of a new price discovery phase. The weekly XRP/USDT chart shows a strong structure, with the shaded purple zone near $3.3 acting as a critical resistance band. A decisive close above this region could spark the next leg of a long-term bull market. The 24-hour trading volume of XRP has increased significantly, and the price of the token has risen by nearly 10 percent during the past 24 hours and more than 32 percent during the past week, indicating strong bullish momentum.

Additionally, the market cap of XRP recently surpassed $185 billion for the first time, adding further support to the bull narrative. However, traders should monitor volume and daily closes to confirm the strength of the breakout. Any rejection at this resistance could delay further upside moves. In conclusion, XRP’s current structure strongly mirrors its past bull cycle. If the $3.3 level gets breached with volume and follow-through, XRP may never look back—just like it did in 2017.