XRP News Today: XRP Price Surges 8.5% Amid 2017 Pattern Repeat

A recent technical analysis by Crypto Ninja (@Crypto_Ninja007) suggests that XRP may be repeating a pattern observed in 2017, which could indicate a significant price movement in the coming weeks. The analysis is based on a Fibonacci extension model that mirrors the breakout structure from the 2017 bull run. If history repeats, the projection points toward a potential rise to approximately $22.70 by August 1. Crypto Ninja emphasized that this is not a prediction but an observation rooted in past data, stating, “I’m not saying this will happen, I’m just saying it happened once before.”

The chart highlights two key consolidation phases. The first occurred between 2014 and 2017, forming a symmetrical triangle that preceded XRP’s breakout. Following the breakout, XRP entered a shorter consolidation phase before the final push to an all-time high. The current price action, spanning from 2021 to 2025, shows a nearly identical triangle forming over a similar timeframe. At the time of the analysis, XRP traded at $3.15 and was gearing up to break out of the second smaller consolidation phase. The asset has risen since then, currently sitting at $3.44, well above its January 2025 peak of $3.39.

Experts have predicted that a new all-time high is imminent, and Crypto Ninja takes it further, expecting continued momentum. He sees this consolidation structure as a launchpad, and now that XRP has 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. The bulls are pushing aggressively for new all-time highs and could sustain the momentum to hit Crypto Ninja’s $22.70 target.