- XRP shows chart patterns similar to its 2017 breakout, sparking speculation of a major price surge.
- The community is divided on a realistic XRP price target amid these setups.
Ripple Labs-associated digital asset XRP is once again in the spotlight. The coin experienced a fresh wave of market conversation after an analyst suggested XRP may be on the verge of a major breakout similar to the 2017 rally. As XRP hovers around $2.38, crypto watchers are revisiting its chart history to weigh the odds of another massive run.
A Familiar Pattern Has Reappeared on the XRP Chart
Trader GalaxyBTC has drawn fresh attention to XRP price movements with a recent post on X. He shared a chart that closely mirrors XRP’s setup before its 2017 rally. The chart highlights two major phases in XRP’s history.
It is worth noting that this latest analysis comes when interest in XRP is rising, following new highs triggered by futures ETF products. As noted in our earlier post, products from Volatility Shares and the CME have played a key role in drawing market attention back to XRP.
GalaxyBTC’s analysis shows that the first XRP price phase lasted 1,267 days between 2013 and 2017. XRP dropped from $0.05, lost another decimal. The coin then suddenly reversed in 2017 and climbed to over $3, a 70,000% jump.
The second phase lasted more than 2,471 days and ended in late 2024. The chart also shows that XRP recently broke a long-term resistance line, similar to the one it crossed before the 2017 surge.
This has made some traders think a big move could be coming soon. For context, as mentioned earlier in our report, analysts at Telegaon expect XRP to reach at least $6.94 by 2026.
Meanwhile, GalaxyBTC noted that XRP had already gone up five times before a minor cooldown. The belief now is that a more dramatic move could follow, based on how similar the pattern looks like in 2017.
In line with the current outlook for the XRP price, our recent update highlighted that the Dubai government has begun issuing digital assets directly on the XRP Ledger through a local provider.
This move has already cut transaction fees by as much as 50% and is expected to support further growth in the value of the XRP coin.
Could XRP Price Go As High As $1,700?
While GalaxyBTC avoided giving a firm price target, his chart hinted a possible rise to $40 by next year. That would mean a 1,580% gain from today’s value of $2.34, up 4% per MarketCap data.
Others are even more bullish. A commenter known as Remi Relief predicted that the XRP price could skyrocket by 64,000%, reaching $1,700 by late 2025 or early 2026.
He projects a price of $1,200 per XRP in 2025 alone. Remi backed his outlook by comparing today’s setup to what happened in 2017. He even said that XRP might climb by up to 150,000% in this cycle if history repeats.
While the positive post on X is in focus, not everyone is convinced. Critics say a $1,700 price would push XRP’s market cap to nearly $100 trillion. This is far above the total size of markets like Bitcoin and even gold, casting doubt on how realistic such goals are.
Still, in a recent update, we highlighted that Forbes pointed out four significant developments that could impact the price of XRP.
