- XRP dominance breakout mimics 2014 setup, hinting at a potential parabolic rally.
- Price action rebounds from support, but $2.50 remains key resistance to monitor.
- Wave theory targets $6.85, forecasting a major breakout by mid-summer if confirmed.
XRP is catching the attention of analysts once again as market behavior mirrors the explosive setup of 2014. After a prolonged period of accumulation, XRP dominance has begun showing signs of a breakout that could spark a parabolic rally.
With price action aligning closely with previous historical patterns, many in the crypto space believe the stage is set for XRP to move dramatically higher in the coming months. As technical indicators line up and major resistance levels fall, the bullish momentum is hard to ignore.
XRP Dominance Hints at a Historical Repeat
Crypto analyst CRYPTOWZRD pointed out a striking similarity between XRP’s current dominance chart and its structure from 2014. Back then, XRP hovered between a tight support and resistance band before launching to over 13% dominance. The current chart shows a similar buildup, with key support seen between 1.5%–2% and recent breakouts breaching the 5% resistance mark.
⚠️ WHAT WILL IT BE? 👀
— CRYPTOWZRD (@cryptoWZRD_) April 10, 2025
Notice the similarities?
🔮$XRP Dominance is mimicking its move back in 2014, if it continues its set to fly soon 📈
Can it do it? 🤔 pic.twitter.com/koAWAXXbu2
This breakout suggests the coin may once again be preparing for a vertical move. If the historical pattern continues to play out, XRP dominance could be on track for another explosive rally, potentially entering double-digit territory. This could indicate a significant inflow of capital toward XRP relative to the broader altcoin market.
XRP/USDT Price Action Aligns with Bullish Sentiment
Crypto Patel’s analysis adds more fuel to the bullish fire. XRP rebounded over 28% from the $1.60 support zone, which aligned with the Fair Value Gap (FVG 1). However, the $2.40–$2.50 zone remains a stubborn resistance, previously marked by price exhaustion and a notable 30% pullback.
$XRP Up 28% From Our Support Call – What’s Next?
— Crypto Patel (@CryptoPatel) April 12, 2025
XRP/USDT perfectly respected the FVG 1 zone around $1.60, which we previously marked as a strong support. Since then, price has rebounded over 28% from that level.
Hope you didn’t get caught buying the $2.40–$2.50 zone — as… https://t.co/j8vYWTKIEX pic.twitter.com/4IML0Ry9Ru
Despite that, Crypto Patel maintains a bullish macro outlook, predicting a target between $7 and $10 this cycle. He warns that another rejection from $2.50 could bring XRP down to $1.30 or even $1.00, offering strong reentry zones supported by Fibonacci levels.
Wave Theory Signals Explosive Mid-Summer Move
Dark Defender’s weekly chart breakdown highlights the completion of an ABC corrective wave, with Wave C hitting around $1.88. The price has since bounced and now targets a breakout above the $2.30 resistance.
If XRP successfully clears this level, Wave 5 could push the price toward the 261.8% Fibonacci extension, near $6.85. This aligns with seasonal expectations of a mid-summer surge, potentially propelling XRP to new all-time highs.
