XRP News Today: XRP Price Pattern Suggests 530% Gain by August 1

An analyst has observed that the cryptocurrency XRP may be repeating a historical price pattern from 2017, which could potentially lead to a significant price movement in the coming weeks. The analyst, known as Crypto Ninja, shared a technical analysis that highlights a chart pattern similar to the one that preceded XRP’s rally to its all-time high in early 2018. According to the analyst's observation, if history repeats itself, XRP could reach approximately $22.70 by August 1.

The chart analysis shows two key consolidation phases. The first phase occurred between 2014 and 2017, forming a symmetrical triangle that preceded XRP’s breakout. Following this breakout, XRP entered a shorter consolidation phase before reaching its all-time high. The current price action, spanning from 2021 to 2025, mirrors this pattern with a nearly identical triangle forming over a similar timeframe. At the time of the analysis, XRP was trading at $3.15 and was on the verge of breaking out of the second smaller consolidation phase. Since then, the asset has risen to $3.44, surpassing its January 2025 peak of $3.39.

Crypto Ninja emphasized that this observation is not a prediction but an analysis based on past data. The post is rooted in a Fibonacci extension model that mirrors the breakout structure from the 2017 bull run. The analyst noted, “I’m not saying this will happen, I’m just saying it happened once before.” This analysis suggests that if XRP follows the same Fibonacci levels as it did in the 2017 cycle, it could reach the predicted price of $23 by August 1.

Experts have predicted that a new all-time high for XRP is imminent, and Crypto Ninja takes this further by expecting continued momentum. He sees the current consolidation structure as a launchpad, and with XRP having broken above the symmetrical triangle, he has set a target of $22.70 by August 1. If the current breakout holds and mimics the historical setup, the proposed move to $22.70 would represent an increase of almost 530% from today’s price.

While the pattern presents an interesting technical narrative, it is important to note that current market conditions differ significantly from those of 2017. Regulatory clarity, institutional involvement, and macroeconomic factors now play a greater role in shaping price action. With all these factors leaning bullish, XRP may experience a bigger surge. The asset’s movement over the past few days has caught the attention of many market participants, with bulls pushing aggressively for new all-time highs and potentially sustaining the momentum to hit Crypto Ninja’s $22.70 target.

In summary, an analyst has observed that XRP may be repeating a historical price pattern from 2017, which could potentially lead to a significant price movement. The analyst's observation is based on a Fibonacci extension model and historical data, suggesting that XRP could reach approximately $22.70 by August 1. However, it is important to note that this is an observation based on past data and not a guaranteed future event. Investors should approach this observation with caution and conduct their own research before making any investment decisions. The cryptocurrency market is known for its volatility, and past performance is not always indicative of future results.