XRP News Today: XRP's Price Pattern Echoes 2017 Rally Potential 100% Gain

XRP, the cryptocurrency, has recently demonstrated strong momentum as it tests critical support levels. The token is now approaching key resistance areas that could determine its next significant move. The price action is reminiscent of a historical pattern from 2017, with technical indicators suggesting the potential for a robust rally.

According to a two-week chart analysis, XRP’s current market structure is echoing a pattern observed in 2017. This pattern includes three phases: an initial breakout pump, a symmetrical reaccumulation, and a final upward leg. This sequence previously propelled XRP to its all-time high, and the current formation appears to be following a similar trajectory. Analysts project a potential rally toward the $4.50 to $5.40 range, aligning with a 1.618 Fibonacci extension. This forecast assumes that the current symmetrical triangle consolidation resolves upward. With XRP trading near $2.10, such a move would represent a gain of over 100%.

CasiTrades highlighted XRP’s bounce from $1.91 as a crucial signal that buyers are entering the market early. The market briefly dipped to $1.908 but reversed sharply, which the analyst described as a “front-run” reaction. This early buying pressure indicated that traders anticipated the support level and acted before the price reached it exactly. Such behavior is often associated with strong markets and trend reversals. The bounce came as consolidation neared its end, marking a classic setup where fakeouts trigger a larger breakout. XRP’s move off the low has also been described as impulsive rather than corrective, suggesting that a new bullish wave may be forming.

Despite recent strength, XRP still faces resistance near $2.25 and $2.69. The first level marks a .382 Fibonacci retracement from macro highs, while the second aligns with the .236 zone. Traders are now watching these levels for confirmation of a broader shift. For XRP to sustain its trend, support at $2.145 must hold in the short term. A strong push through the overhead resistance would indicate that momentum is not just a short-term reaction but part of a larger bullish breakout. With current trading volume above $2.4 billion, investor interest in XRP remains elevated. Although the token has slipped by about 3% in the last 24 hours, its structure remains intact. Technical signals are aligning with growing optimism that the next leg up may be underway.

As analysts compare today’s setup to 2017’s explosive rally, the market now awaits a decisive move. If XRP clears its next resistance levels, the path toward a potential breakout to the $5 region could gain traction. The reaccumulation phase may be ending, setting the stage for a final upward surge. The market is closely watching these developments to see if XRP can sustain its momentum and break through to new highs.