XRP is quietly setting the stage for a valuation that could redefine market expectations. After months of consolidation, the momentum seems to be growing for a potentially historic rise.
According to STEPH IS CRYPTO, the current XRP/USDT chart mirrors the consolidation that preceded the rise of 2017. Steph notes that XRP has gone through a consolidation phase of 371 days since the end of 2024. Overlaying this with the accumulation of 450 days between 2016 and 2017, he highlights structural similarities that suggest an explosive rise may occur if history repeats itself.
Lessons from the 2017 Cycle
XRP has a history of long periods of consolidation that precede significant rises. Between 2014 and 2017, the token formed descending and symmetrical triangles before soaring from cents to over $3.00.
These patterns often act as compression springs, storing energy until a breakout releases it in accelerated price movements. Current technical analysis shows the formation of a similar wedge, reinforcing the potential for a strong upward thrust.
Current market structure
XRP is consolidating around the $2.00 level, with decreasing price fluctuations and declining volume. This is a classic setup for a rise. Institutional interest also reinforces the potential for appreciation.
Foreign exchange reserves are decreasing, reducing liquidity and limiting the available supply. Meanwhile, purchases by large holders continue steadily, creating structural conditions that favor upward pressure.
Technical indicators point to a rise.
Chart patterns, moving averages, and volume metrics point to an imminent breakout. Technical analysts argue that the symmetrical triangle may be close to completion. If XRP breaks decisively, previous cycles suggest that gains could be substantial, potentially reaching double-digit prices if the momentum aligns with market participation.
Broader market context
In addition to the charts, the overall sentiment in the cryptocurrency market is favorable. Regulated investment products, such as spot ETFs, and the growing institutional adoption increase capital flows to XRP. This could amplify any technical breakout, combining the market structure with investor demand for liquidity and stability.
Why the next big revelation could be legendary
The analysis from STEPH emphasizes that XRP is at a crucial moment. The alignment of historical chart patterns, structural consolidation, and renewed investor interest suggest that the next price movement may exceed previous expectations.
If history repeats itself, the next appreciation of XRP could be legendary, rewarding patient investors and attracting renewed institutional focus.
Remember folks, what is said here does not represent a recommendation to buy, sell, or hold assets.
Thank you all!
