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- XRP has extended its sideways trading, forming a triangle pattern similar to its 2017 breakout setup.
- Analysts say a breakout could lift XRP to $3.70 or even $10, with some projections reaching as high as $25.
According to the current trend, XRP is consolidating near the 200-day mark. In the past few weeks, the altcoin has moved sideways between $1.90 and $2.90. Despite the extended downtrend, several analysts point to historical patterns hinting at a significant breakout ahead. The growing pressure within this long consolidation could set XRP up for a notable price rally.
XRP Consolidation Mirrors 2017 Pattern, Analysts Say
XRP consolidation has not gone unnoticed. The altcoin has stayed within a tight range for over six months, following a rally of nearly 500% in November 2024. Price action since then has been sluggish but steady, holding above $1.90 while struggling to break past $2.90.
This phase’s importance is due to its resemblance to XRP’s behavior in 2017. This is because XRP price surged more than 1,300% to hit $3.40. Crypto analyst Mikybull Crypto recently highlighted this in a post, showing how the symmetrical triangle forming now looks nearly identical to the one that preceded the historic breakout.
Symmetrical triangles do not guarantee direction, but the current sentiment leans bullish. XRPunkie, another analyst, expects the breakout from the triangle to lift XRP above $4. Using the triangle’s apex as a measurement point, XRP could rally toward $3.70.
This local high is about 75% higher than its current level. Currently, XRP price is trading at $2.15, down by 2.77% in 24 hours.
As we mentioned in our previous article, Ripple CEO Brad Garlinghouse has hinted that XRP could secure 14% of SWIFT’s cross-border payment market by 2030. This use case complements bullish projects from research firms. As we previously covered in an earlier news piece, an analyst at Sistine Research has predicted that XRP could surge to $73 once it breaches the resistance level at $3.
Six-Year Structure May Point to $10 XRP, Some Eye $25
Another reason XRP consolidation is attracting attention is how long it has lasted. Analyst GalaxyBTC drew parallels between the current weekly chart and XRP’s 2014 to 2017 price structure. That stretch lasted about 1,267 days and ended with XRP skyrocketing to $3.40.
This time, the consolidation stretched beyond 2,470 days, nearly seven years. If history repeats with even a similar magnitude, XRP could rally between $8 and $10. Other bullish projections also validate this rally, hinging on Fibonacci levels and possible ETF-driven demand. In these scenarios, the XRP price might touch $25 or more.
Meanwhile, not everyone is convinced about the future price of the coin. Some traders see a possible inverse cup-and-handle pattern forming, which would be bearish. If this continues, XRP could fall toward $1.33, which sits near a key Fibonacci retracement level. That same area marked a crucial resistance during the 2021 market pullback.
However, with XRP consolidation tightening and historical patterns coming into view, the next move may be closer than many think. Despite this broader uncertainty, CNF reported recently that a poll on CoinMarketCap ranked XRP as the most bullish cryptocurrency. Notably, 91.3% of participants agreed it has the strong potential to drive its price to $5.
