In the ever-evolving world of cryptocurrency, analysts are drawing fascinating parallels between XRP’s price movements in 2017 and the current market structure as we approach 2025. A notable post on social media platform X by crypto analyst Steph highlights a potential repeat of XRP’s early accumulation phase that led to its significant breakout eight years ago.
Steph’s analysis, aptly titled “The $XRP playbook,” underscores the similarities between the altcoin’s current consolidation phase around the $2 price level and its previous surge in 2017. The technical indicators suggest that XRP may be entering a familiar territory, setting the stage for another explosive rally that could rival its past performance.
XRP’s Recent Price Action
Recently, XRP’s price action has been characterized by attempts to breach the $2.5 mark. This movement follows a flash crash that occurred last week, causing the altcoin’s price to create a notable downside wick on the daily chart. Despite this temporary setback, XRP has been consolidating since July, reflecting a similar pattern observed in its historical price movements.
The 2017 bull run saw XRP trading sideways for months before it erupted into a vertical rally that established it as one of the top-performing cryptocurrencies of that cycle. This historical context adds weight to the current market analysis, suggesting that XRP may be poised for a similar breakout.
Steph’s technical analysis on X visually compares the price action of 2017 with current trends. The left side of the chart vividly illustrates XRP’s slow accumulation phase in early March 2017, culminating in a parabolic rise that propelled its price from a fraction of a cent to over $3 in just a few months. This historical context serves as a potential roadmap for what might occur in the near future.
The Calm Before the Storm in 2025
Turning to the right side of the chart, XRP’s 2025 daily chart seems to echo the accumulation curve seen in 2017. The altcoin has been trading in the mid-$2 range, forming what appears to be a rounded bottom pattern. Analysts point to November and December as critical months that could signal a turning point for XRP.
Steph predicts that XRP will consolidate between $2.5 and $3 over the next few weeks before embarking on a significant upward trajectory. The analysis suggests that if the patterns of 2017 repeat, XRP could break through the $3 barrier and potentially reach new heights, with projections extending as high as $24. Such a price surge would mark an unprecedented appreciation, taking XRP to levels above $20.
This outlook isn’t unique to Steph; other analysts, such as ChartNerd, have also noted similarities to the 2017 playbook. ChartNerd has suggested that if XRP follows its historical trajectory, it could soar to around $13.5, emphasizing the potential for a massive breakout.
As the cryptocurrency market continues to evolve, XRP stands at a crucial juncture. Whether history will indeed repeat itself remains to be seen, but the technical indicators and analyst sentiments suggest that an exciting period could be on the horizon for this altcoin.
