XRP News Today: XRP Signals 1,500% Rally Potential With Rare Chart Pattern

A rare technical pattern has emerged on the XRP chart, signaling potential for significant price movements. This pattern, which has only appeared twice in XRP’s history, has historically been followed by massive rallies of 1,500% and 8,000%. The current appearance of this pattern has once again drawn investor attention to XRP, which is already exhibiting strong bullish momentum, trading around $2.40 with a 7-day rise of over 8%.

The pattern in question is a repeating three-month green candle pattern, identified by market analyst EGRAG CRYPTO. According to his analysis, this pattern has only appeared twice before in XRP’s history, both times preceding major rallies. In one instance, XRP consolidated for five months before skyrocketing by 1,500%, potentially driving prices toward the $10 mark by August 2024. In another historical event, a 12-month consolidation phase led to an explosive 8,000% increase, suggesting that XRP could reach $50 by late 2025. EGRAG suggests that the average of these two targets lands at $30, while hinting at a personal target of $27.

The broader market dynamics also favor XRP’s potential rally. Tony Edward of the “Thinking Crypto Podcast” notes that Bitcoin’s dominance is starting to decline, which gives established altcoins like XRP more room to outperform. XRP’s climb above the 200-week moving average is a crucial technical indicator, signaling a return to long-term bullish strength. Additionally, its daily RSI suggests that there’s still room for growth before hitting overbought conditions, supporting the thesis that XRP could see additional gains in the short to medium term.

Adding to the bullish outlook, analyst STEPH IS CRYPTO points out a significant technical formation. XRP’s Bollinger Bands are now the tightest they’ve been since November 2024. At that time, a similar squeeze led to a dramatic breakout. With XRP trading in a tight range between $2.01 and $2.48, a break above $2.50 could trigger a move to $3.00 and beyond. Conversely, dropping below $2.00 might bring short-term pressure, but volume confirmation will be key.