- XRP’s historical surges of 13,000% and 1,600% suggest a pattern of accumulation and breakout, potentially suggesting another rally.
- XRP faces key resistance at $3.20 and support at $1.90, with a breakout above $2.81 possibly leading to a renewed bullish momentum.
- Analysts note XRP’s retracements and consolidation resemble past cycles, with potential upside if key moving averages are reclaimed.
Steph is Crypto suggests XRP is oversold, comparing its current position to 2017 before a major breakout. Historical data indicates XRP had major surges in 2017, with two rallies producing gains of 13,000% and 1,600%. If market patterns repeat, XRP could be nearing another strong upward movement.
Historical Patterns and Current Accumulation Phase
XRP’s past movements suggest a cycle of accumulation followed by explosive rallies. In 2016, the price remained relatively stable, showing a low volatility accumulation phase.
The first breakout came in early 2017, leading to a rapid increase of 13,000%. After this surge, XRP entered a consolidation period, forming a higher range before another major rally in late 2017, which resulted in a 1,600% gain.
The sequence of accumulation, breakout, and consolidation aligns with classic market cycles observed in other assets. Steph suggests the current market phase resembles the pre breakout patterns of early 2017. If this pattern holds, XRP could be preparing for another price surge.
Market Movements and Price Levels
Egrag Crypto highlights XRP’s price movements over recent months, pointing to retracements that provided strong buying opportunities. In July 2023, XRP saw a 230% surge, followed by two sharp declines of 54.65% and 59.73%.
If similar movements occur, XRP could see levels around $1.54 and $1.37. Egrag suggests these drops resemble previous cycles but with a shift in price ranges. Monitoring support levels is essential to predict the next potential move.
XRP price action shows a parabolic uptrend followed by corrections. In mid November 2024, the price surged from $0.50 to over $3, a nearly 600% gain. However, after reaching this peak, a correction led to a consolidation phase.
A second rally in mid January 2025 occurred, reaching approximately $3.20. Resistance at $3.00 – $3.20 remains critical, while support is at $2.30 and $1.90. If XRP can reclaim key moving averages a bullish rally could occur while a failure to do so could lead to further downside movements.
Future Potentials Price Actions
The 50 day moving average initially supported the uptrend but has now moved below the price, potentially shifting market momentum. The 200 day moving average has flattened, indicating weakening bullish strength.
If XRP breaks above $2.81, momentum could return, pushing the price higher. However, a failure to sustain support above $1.90 may indicate a prolonged consolidation period or further declines. It remains to be seen whether XRP can sustain the upward movement or if selling pressure will push prices lower.
