XRP is expected to record a strong price increase to double digits in the near future. However, similar market patterns in 2017 and 2022 both indicate that before achieving this leap, XRP will undergo an extended accumulation phase.
Accumulation phase: A necessary condition for XRP to recover strongly
Since December 2024, XRP has firmly maintained the support zone from $1.78 to $2. According to technical charts, each time this support zone is retested, the XRP/USD pair has surged from 35% to 90%. If this trend continues, XRP could potentially rise another 57% before the end of the year.
Weekly XRP/USD chart | Source: Cointelegraph/ TradingView
Analyst Mikybull Crypto noted that XRP is "preparing to take off," thanks to strong support around the 2021 peak at $1.96.
Source: Mikybull Crypto
At the same time, CryptoBull experts also believe that the current price movement is repeating XRP's previous strong growth pattern, with the only difference being a longer accumulation time.
"We need a longer accumulation process to reach new high prices."
In fact, after falling below previous peaks in 2022, XRP fluctuated in the range of $0.30–$0.70 for more than three years before surging 390% in December 2024. If history repeats, XRP's price could continue to accumulate around $2 (the 2021 peak) for a long time before the next strong price increase occurs.
CryptoBull forecasts: "The next wave will bring XRP to $11, and the final wave could reach $70."
XRP is undervalued: Opportunity or risk?
On-chain data further reinforces XRP's accumulation outlook. The net unrealized profit/loss (NUPL) of XRP has now fallen into the "capitulation zone" – usually associated with market cycle bottoms. NUPL measures the difference between the unrealized profits and losses of XRP investors.
In previous cycles, when the NUPL index shifted to the capitulation zone, the market often went through an extended accumulation phase before breaking out.
Unrealized net profit/loss of XRP | Source: Glassnode
Moreover, the market value to actual value ratio (MVRV) of XRP is currently at 1.23 – much lower than the peak of 14.73 in 2017 and 3.9 in 2021. This indicates that XRP is undervalued, selling pressure is decreasing, and the potential for price increase in the long term is reinforced.
Before entering a new growth cycle, it is likely that XRP will continue to accumulate in the near future.
MRVR has a very large price fluctuation range | Source: Glassnode
According to Coinphoton's assessment, maintaining the price range of $1.80–$2.00 and breaking through the $2.22 threshold will sustain XRP's upward trend, supported by increasing hidden buying pressure in the futures market.
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