XRP News Today: XRP May Repeat 2017 Surge With 210-Day Consolidation

Generado por agente de IACoin World
martes, 10 de junio de 2025, 2:21 am ET1 min de lectura
XRP--

Market analyst Mr. Xoom has observed a notable parallel between the current price structure of XRP and its behavior during the 2017 market cycle. In a recent tweet, he suggested that XRP is nearing a significant upward move, which could mark the final phase of its current bullish trend. He supported his assertion with a chart from TradingView that compared two distinct consolidation periods in XRP’s history, providing a technical basis for his forecast.

According to the chart and accompanying commentary, XRP consolidated for 210 days before its explosive move in late 2017, a period that preceded its historic surge to all-time highs. In the current cycle, XRP has already consolidated for approximately 190 days following a sharp price rise earlier in 2025, which saw it exceed $2.00 for the first time in years. Xoom believes that by the end of August or the start of September, XRP should have completed its final upward move and concluded its run.

Xoom notes that if XRP continues to mirror the 2017 pattern, the next move could begin within the next 2 to 4 weeks. This would place the anticipated start of the breakout around late June to early July. He projects that the final move could peak by the end of August or the beginning of September, concluding what he believes may be XRP’s “final run up” of this cycle. The chart highlights the consolidation zones in both 2017 and 2025 using orangeOBT-- boxes, with annotations indicating the duration of each phase. In 2017, the breakout that followed the 210-day consolidation led XRP to its all-time high of nearly $3.40.

The present cycle, while still unfolding, shows similar technical behavior, with price action maintaining higher lows within a tight range, a characteristic often associated with accumulation phases. At the time of the chart’s publication, XRP was trading at $2.17. The chart data and Xoom’s analysis imply that, should the pattern repeat, there could be a significant upside move within weeks. However, Xoom adds a note of caution, urging followers not to be caught holding without taking profits. “NFA but don’t be left behind being a bag holder with just a screenshot. Take profits,” he advises, using the common crypto disclaimer “Not Financial Advice.”

As of now, XRP continues to trade within a defined range, with market participants closely monitoring whether history will indeed repeat itself. The analyst's forecast suggests that XRP is poised for a significant upward move, potentially mirroring its 2017 performance. However, it is important to note that this is based on technical analysis and historical patterns, and actual market behavior may vary. Investors are advised to conduct thorough research and consider all factors before making any investment decisions.

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