Ripple’s XRP is attracting attention after recent technical indicators and chart patterns suggest a potential repeat of its 2017 bull cycle. With the price nearing key resistance levels, market participants are preparing for possible upside movement.
A chart from analyst ChartNerd compares XRP’s current setup with its 2016–2017 cycle. At that time, the asset formed a double top followed by a wick drop, then entered a sharp upward rally. The same sequence is now appearing again in 2025, with the analyst noting a possible repeat of the breakout phase.
Remarkably, the Stochastic RSI has also reset to similar levels seen before the 2017 rally. The current oversold position on the monthly timeframe matches the low-momentum phase that preceded the previous price surge.
Moreover, on a 3-day timeframe, analyst Steph Is Crypto pointed to a possible bullish MACD crossover forming. The MACD line is curving upward toward the signal line, with the histogram narrowing. These conditions often appear before price reversals or trend shifts.
A similar setup occurred in 2024 before XRP gained over 500%. If the current pattern plays out in the same way, a new rally could follow.
XRP is trading around $2.15 at press time, down over 1% in the past 24 hours and 2% over the last week (per CoinGecko data). The asset holds a market cap of approximately $129 billion, placing it at the #4 position among digital assets. Trading volume stands at over $3.29 billion in the past day.
Analysts are watching the $2.28 level. A breakout here could send XRP toward $2.75. Above that, a major liquidity zone remains untapped near $3. Analyst Steph Is Crypto stated,
Volume spikes during liquidity sweeps suggest increased interest from institutional or traders.
Meanwhile, the spot XRP ETFs are on an impressive 13-day positive streak ever since the first such product, Canary Capital’s XRPC, hit the US markets in mid-November. The Ripple products have also outperformed the BTC, ETH, and SOL counterparties since their inception.
The post XRP Signals 2017 Replay: Can Ripple’s Price Hit $10 This Cycle? appeared first on CryptoPotato.
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