XRP News Today: XRP Eyes 2017-Style Breakout as Legal Clarity and Technical Patterns Align

XRP is once again drawing attention as it mirrors its 2017 price behavior, with analysts drawing comparisons and forecasting a potential breakout [1]. Technical analysts have noted that the current chart pattern closely resembles the setup that preceded XRP’s previous all-time high in early 2018. According to Maxi, a well-known crypto analyst, if the pattern holds, the current week may be “the final week before” a significant price surge [1]. He suggested potential price targets at $3.5, $5, $7, $10, $14, and $20, indicating that a substantial rally could be imminent [1].

DonAlt, another prominent analyst, has echoed these sentiments, emphasizing the similarity between XRP’s current consolidation phase and its late 2017 movement. He noted that historical patterns suggest the possibility of a 1,200% rally, which could push XRP toward a new peak [1]. Egrag Crypto further reinforced this pattern-based narrative by overlaying XRP’s current movement against its 2017 fractal, highlighting the potential for a repeat of past success [1].

The potential legal resolution in Ripple’s favor is adding to the bullish sentiment. Bill Morgan, an Australian lawyer and vocal XRP supporter, recently predicted that the Ripple vs. SEC lawsuit could be dismissed before August 15, 2025 [1]. His assessment is based on the growing legal pressure against the SEC, particularly after Judge Analisa Torres previously ruled that XRP sold on secondary markets does not qualify as a security [1]. Morgan argued that the SEC’s remaining claims—particularly those related to Ripple’s institutional sales and executive involvement—lack sufficient evidence and may not withstand judicial scrutiny [1].

The crypto community has responded with cautious optimism. A favorable court decision could mark a turning point not only for Ripple but also for the broader digital asset industry, offering much-needed regulatory clarity and reducing uncertainty [1]. This development could also act as a catalyst for renewed investor confidence in XRP, potentially triggering a sharp price increase similar to its 2017 surge.

With the legal case nearing a possible conclusion and technical indicators aligning with past bullish trends, XRP appears poised for a dramatic move. However, the outcome remains contingent on judicial action and market reactions, with all attention now focused on Judge Torres and the upcoming court updates [1].

Source: [1] XRP Countdown: Final Week Before a 2017-Style Explosion as SEC Case Dismissal Hype Builds (https://coinmarketcap.com/community/articles/6894dde28084d4374811390c/)