A crypto market analyst has suggested that XRP may be forming “one of its most significant multi-year structural patterns to date,” which could lead to a rally similar to the one seen in 2017.
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### XRP Eyes 2017-Like Expansion
On Thursday, market analyst ChartNerd said XRP appears to be repeating a setup that could be even bigger than the pattern seen before the 2017 breakout, which led to a massive 68,000% surge during that cycle. In a video, the analyst explained that XRP has been building this pattern since 2020, when the price hit its bear market low and formed an upward support line that has held for nearly six years.
Since then, XRP has mirrored its behavior before 2017, where the cryptocurrency saw big gains after retesting this upward support, followed by sharp drops within downward channels. As the chart shows, XRP rose 10x between 2020 and 2021, then fell during the 2022 bear market. After bottoming out, it rallied another 2x before retesting the trendline for the first time. The price then surged another 6-7x from late 2024 to mid-2025, reaching an all-time high of $3.65 in July.
Now, XRP is forming a similar corrective pattern to the two previous retests of the upward support. If this pattern holds, it could lead to a 1,992% rally, pushing the price into double digits. “If XRP follows this pattern into late 2026, we could see a third retest, just like in the early cycles before the 2017 expansion,” the analyst said. He added, “If this multi-year cycle is repeating on a larger scale, then this could be one of the biggest structural phases where XRP is building a base and waiting for the next leg up.”
### Consolidation Until Late May?
ChartNerd also shared a short-term outlook for XRP based on its performance over the past 11 weeks. He noted that on the daily chart, XRP is still moving between a major downward resistance line and an upward support line, forming a triangle pattern.
“So, since we formed the base back in February, we dropped to $1.11, created the resistance, and then came back to form this upward support level at roughly $1.28. Then we saw a breakout to around $1.50, and now we’ve pulled back to the support line again.”
Given this, and the fact that XRP’s RSI levels are oversold on the daily chart, the analyst believes XRP could be building a base near the upward support before trying to retest the downward resistance.
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Still, he noted that “because the price is converging in this range and has been moving sideways for about 8 to 10 weeks, it’s likely that this compression will continue until at least mid-May, when the price is expected to break out of the pattern in a clear direction.”
In the end, the analyst suggested that “as long as we respect the trendline and keep defending the upward support, the short-term target is a retest back toward $1.50.”
Featured Image from Unsplash.com, Chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs addressing the topic of a potential XRP breakout similar to 2017 based on the analysts prediction
BeginnerLevel Questions
Q What is the 2017 breakout everyone is talking about
A In 2017 XRPs price surged from under 001 to nearly 340 in a matter of months Analysts are now saying a similar price pattern is forming again
Q Is XRP actually going to repeat that massive rally
A Its possible but not guaranteed An analyst has pointed out that a multiyear chart pattern is repeating which historically led to that 2017 surge However past performance doesnt guarantee future results
Q What is the bold price target the analyst set
A While specific numbers vary the analysis suggests that if the pattern completes XRP could reach a new alltime high potentially in the double digits depending on market conditions
Q What is the multiyear pattern that is repeating
A It refers to a longterm consolidation or triangle pattern on XRPs price chart The analyst believes the price action from 2018 to 2024 looks very similar to the pattern that formed before the 2017 explosion
Q Should I buy XRP right now because of this prediction
A No one can predict the future This is just one analysts technical analysis You should do your own research understand the risks and never invest more than you can afford to lose
AdvancedLevel Questions
Q What specific technical indicator is the analyst using to claim the pattern is repeating
A The analyst is likely referencing a multiyear symmetrical triangle or a cupandhandle pattern on the weekly or monthly chart They are looking at the compression of price swings and the breakout point as the key trigger
Q How does the current market environment differ from 2017 and why does that matter