XRP News Today: XRP Could Hit $5 With 1200% Gains If 2017 Pattern Repeats

Ripple’s XRP is drawing attention from analysts who believe it could mirror its historic 2017 performance, potentially surging by as much as 1,200% and reaching a price level of $5 or higher. According to trader and analyst DonAlt, XRP is currently exhibiting a chart pattern similar to what preceded its record-breaking rally in late 2017, when the asset hit a peak of $3.81 [1]. He has shared a comparison of the current and past setups, suggesting that the consolidation phase XRP is currently in could signal the start of what he calls “Round 2” of its bull run [1].

The current scenario shows XRP gaining strength during a broader market correction, with some experts suggesting that if the trend continues and conditions align, the price could surpass its previous all-time high [1]. The growing bullish sentiment is supported by increased accumulation from long-term holders and renewed interest among traders, particularly after XRP outperformed other altcoins in futures volume in July [1].

While the market remains cautious, the potential for XRP to break through its previous record is being discussed more frequently among crypto observers. If XRP manages to achieve a new all-time high, it could mark the beginning of a broader bullish phase, similar to the one seen in 2017 [1]. Given the pattern recognition and support from well-known analysts like DonAlt, many are watching closely for signs of a breakout.

The altcoin's potential has not gone unnoticed by the broader market. Some traders are also turning their attention to other major cryptocurrencies, with Solana (SOL) and Ethereum (ETH) seen as potential next beneficiaries of a renewed bullish trend. As XRP consolidates, the broader altcoin market is showing signs of repositioning, with investors looking to capitalize on the next wave of growth [1].

According to the analysis, while XRP is still trading near previous levels, the current sideways movement could indicate that a larger move is on the horizon. For those who have followed XRP’s historical performance, this could represent a familiar pattern—calm before a potential storm [1]. The prospect of XRP reaching $5 is not a certainty, but the conditions are increasingly favorable for a significant rally.

Sources:

[1] [XRP Eyes $5 as Analysts Predict 1,200% Gains — Solana and Ethereum Could Be Next](https://coinmarketcap.com/community/articles/6895d2cecb59d57bc2a1782f/)