Wednesday, July 2, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

XRP Price Patterns Resembles 2017 Moves, Analyst Predicts a Parabolic Surge to $27

Munene Timothy by Munene Timothy
February 6, 2025
in Binance Feed, Market
Reading Time: 4 mins read
XRP Price Patterns Resembles 2017 Moves, Analyst Predicts a Parabolic Surge to $27
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • XRP fell nearly 11% in a day and 21% in a week, coinciding with an XRP Ledger issue that halted block production for an hour.
  • Analyst Steph is Crypto noted past XRP bull runs had deep corrections, with historical pullbacks reaching up to 68.22%.
  • Egrag Crypto predicts a 1500% surge if XRP follows its 2017 cycle, potentially reaching $27 after touching key support levels.

XRP has had a sharp decline, dropping by nearly 11% in a single day and having a 21% loss over the past week. This decline has coincided with a technical disruption on the XRP Ledger, which halted block production for about an hour on February 4. 

Breaking: The $XRP blockchain goes down.@Ripple #XRP Ledger goes down. Stops producing blocks for 1 hour.

The XRP Ledger halted block production for about an hour on Tuesday before spontaneously recovering, marking a rare disruption for one of crypto's oldest networks.… pic.twitter.com/xJTpz7NGXE

— MartyParty (@martypartymusic) February 5, 2025

The cause is under investigation, with initial reports suggesting a consensus issue that prevented validations from being published. Analyst Steph is Crypto noted that XRP’s historical bull runs included similar shakeouts, emphasizing that previous cycles saw major corrections before parabolic gains.

Related articles

U.S. Liquidity Surges as M2 Supply Sets New High of $21.94 Trillion

U.S. Liquidity Surges as M2 Supply Sets New High of $21.94 Trillion

July 2, 2025
Can $TIA Sustain Its Uptrend After Smashing Through Resistance

Can $TIA Sustain Its Uptrend After Smashing Through Resistance?

July 2, 2025

Deep Corrections Before Rallies

XRP has a history of steep corrections before major upward moves. Before its 2017 breakout, XRP had multiple pullbacks ranging from 24.67% to 68.22%. These downturns formed part of a broader consolidation phase before a rally. 

The 2017 #XRP bull run had 3 brutal shakeouts—yet it still did 110,000%.
Dips don’t end bull runs, they fuel them. pic.twitter.com/DVly1LS2Fr

— STEPH IS CRYPTO (@Steph_iscrypto) February 6, 2025

During early 2017, XRP surged before a 63.47% correction, followed by another 68.22% retracement at $0.35. This extended consolidation eventually led to XRP surpassing $1.50 and reaching new highs.

According to Steph is Crypto, past data suggests that steep pullbacks fuel rather than end bull runs. Market movements indicate XRP is trading within a similar accumulation range, potentially leading to a breakout. 

Support and Resistance Levels

XRP previously broke above $1 and reached a high of $3.30 in late January before dropping to $2.40. The 50 day moving average, previously acting as support at $2.81, has now turned into resistance. The 200 day moving average, at $2.40, is a long term support level.

Source: Santiment

If XRP holds above $2.40, a retest of $2.81 is possible. Breaking above this level could lead to a bullish momentum, potentially pushing XRP back above $3. However, if support at $2.40 fails, further declines toward $2 or $1.80 could follow.

Analyst Predicts a 1500% Surge 

Egrag Crypto pointed out that XRP’s current market patterns resemble its 2017 cycle, where a similar pattern led to a 1500% surge. 

#XRP – Double Digits – 1500% Pump ⛽️:

Let’s break down what’s happening with #XRP:

1⃣ Bull Market Support Band (BMSB): This is our key indicator for determining whether we’re in a #BullRun or a #BearMarket. Currently, we're positioned above the BMSB. I mentioned in a previous… pic.twitter.com/PNB4OmuCN8

— EGRAG CRYPTO (@egragcrypto) February 6, 2025

Egrag suggests XRP recently touched the same foundational level and the Bull Market Support Band (BMSB), aligning with previous breakout conditions. In 2017, this setup fueled a rapid rally, and if the trend repeats, XRP could potentially reach $27.

Tags: Price AnalysisRipple (XRP) News

Related Posts

U.S. Liquidity Surges as M2 Supply Sets New High of $21.94 Trillion

U.S. Liquidity Surges as M2 Supply Sets New High of $21.94 Trillion

by Veronicah Peninah
July 2, 2025

In May 2025, U.S. M2 money stock reached a new high of $21.94 trillion. The annualized 4.5% growth rate is...

Can $TIA Sustain Its Uptrend After Smashing Through Resistance

Can $TIA Sustain Its Uptrend After Smashing Through Resistance?

by Irene Mukiri
July 2, 2025

TIA’s rebound from $1.34 signals strong intraday support and renewed buying interest Bullish breakout above $1.42 could push TIA price...

With $SOL Trading Volume Surging, Is an Ethereum Flippening Possible

With $SOL Trading Volume Surging, Is an Ethereum Flippening Possible?

by Munene Timothy
July 2, 2025

Solana’s monthly trading volume rose by 25.4% to $156B in 2025, outpacing Ethereum’s 9.7% growth over the same period. The...

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

by Munene Timothy
July 1, 2025

BTC faces strong resistance at $108,924, a level repeatedly absorbing liquidity, signaling the need for volume-backed breakout strength. Support at...

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

by Irene Mukiri
July 1, 2025

Bullish divergence on OP/BTC hints at weakening sell pressure and possible breakout. OP/USDT holds $0.40 support as whales accumulate, signaling...

Load More

Recent News

  • U.S. Liquidity Surges as M2 Supply Sets New High of $21.94 Trillion
  • Can $TIA Sustain Its Uptrend After Smashing Through Resistance?
  • With $SOL Trading Volume Surging, Is an Ethereum Flippening Possible?
  • Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K
  • Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

Popular News

  • JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    227 shares
    Share 91 Tweet 57
  • Will SHIB’s Utility Tokens Fuel Its Rise Over TON?

    204 shares
    Share 82 Tweet 51
  • Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    231 shares
    Share 92 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    199 shares
    Share 80 Tweet 50
  • Aptos and Filecoin Lead the Next Layer 1 Push — Will They Sustain the Rally?

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

U.S. Liquidity Surges as M2 Supply Sets New High of $21.94 Trillion
U.S. Liquidity Surges as M2 Supply Sets New High of $21.94 Trillion
July 2, 2025
Can $TIA Sustain Its Uptrend After Smashing Through Resistance
Can $TIA Sustain Its Uptrend After Smashing Through Resistance?
July 2, 2025
With $SOL Trading Volume Surging, Is an Ethereum Flippening Possible
With $SOL Trading Volume Surging, Is an Ethereum Flippening Possible?
July 2, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact