XRP Price Prediction: Analysts Say 2017 Pattern Could Trigger 1500% Breakout

XRP price prediction

XRP hasn’t really been giving traders much to talk about lately in terms of price. The asset has been mostly moving sideways, trading around the $1.30 to $1.45 range for weeks now. Despite this slowdown, some analysts are highlighting the possible upside. The latest XRP price prediction discussions revolve around a pattern that resembles the structure XRP formed before its massive rally in 2017.

Back then, XRP spent months moving inside a small range before breaking higher and eventually delivering gains of more than 1,500% during the cycle. Analysts looking at the chart today point out how XRP’s current phase shows similarities to that earlier period.

Also Read: Oil Jumps Past $100 as 400M‑Barrel IEA Release Fails Amid Hormuz Disruption

How XRP’s 2017 Pattern Supports a Bull Run and New Breakout Forecast

XRP breakout
Source: Coinpedia

Before diving into the predictions, it is pertinent to know XRP’s current condition. At press time, the altcoin was trading at $1.37 following a 0.32% rise over the past 24 hours.

Source: CoinMarketCap

One of the analysts highlighting the current setup is Javon Marks. He recently pointed out that XRP’s price structure appears to be very similar to the pattern seen before the 2017 rally. In a post shared on X, he suggested that the current pullback could be a temporary phase before a much larger move. This structure points toward a potential XRP breakout if the pattern continues to develop.

Also Read: Cathie Wood’s ARK Invest Doubles Down on CRISPR as It Cuts Teradyne

Another widely discussed XRP forecast comes from crypto analyst EGRAG Crypto. This analyst has reportedly studied XRP’s long-term chart cycles going back to 2014. According to EGRAG, the asset has repeatedly followed a pattern where long consolidation periods are followed by sharp expansion phases.

The analyst’s projections outline several possible price targets depending on how strong the rally becomes. In his prediction, XRP could first move toward $4.50 if a confirmed breakout takes place. A stronger XRP bull run could push the asset to $10-$13. Meanwhile, a full-cycle expansion could place the price between $23 and $27.

Source: X

This wasn’t all. The analyst’s most aggressive scenario pushes XRP near $42, which would represent a 2,900% rise from its current levels. EGRAG even points out how such a move would require extremely strong market conditions and broader adoption of XRP within global payments. For instance, XRP’s latest jump into Australian markets has brought major support into the altcoin’s market.

Market history does not always guarantee the same outcome, but crypto traders have seen similar patterns play out before. As a result, the community has continued to remain optimistic and is leaning toward more moderate targets. Even so, the latest predictions have added a bullish tone to the XRP market.

Also Read: U.S. Debt Interest Hits $1 Trillion, Now Outpaces Entire Defense Budget