CoinsValue.net logo CoinsValue.net logo
NewsBTC 2026-05-06 21:30:31

XRP Price Is Replicating The 2017 Trend And The Implications Are Parabolic

Analysts are predicting an explosive surge in XRP’s price this year, comparing the current cycle to the 2017 bull market. According to a recent forecast, XRP’s chart structure is replicating the bullish patterns that preceded its historic 2017 rally. Experts believe that if this historical trend plays out perfectly, the XRP price, which has been trending downward for months now, could go parabolic. XRP Price Mirrors Bull Setup From 2017 Rally @Cryptocupra, a market analyst on X, is sounding the alarm about a major bullish move he believes could soon take place in XRP’s price. In a video analysis shared on May 4, the expert forecast that XRP could soon go parabolic, citing historical chart patterns from the 2017 cycle. Related Reading: Here’s How High The XRP Price Will Be If It Repeats The 2017 Surge The analyst drew comparisons between XRP’s price action in 2026 and its movements in 2017. According to @Cryptocupra, XRP is currently displaying the exact structure and setup that had led to its parabolic rally in 2017. At the time, the cryptocurrency was trading around $0.006. However, it broke out of lower levels and rallied, extending its bullish run until it hit an all-time high above $3.84 in 2018. @Cryptocupra’s video chart further shows that in 2017, XRP broke out of a descending triangle pattern before launching into a rally. The chart shows that XRP had been trending downward for months inside this narrow triangle before breaking out to the upside. @Cryptocupra reveals that this same triangle pattern has appeared in the 2026 cycle, reinforcing his bullish outlook for XRP this year. The chart shows that after the cryptocurrency surged above $3.5 in 2025, it began to trend downward and eventually formed a descending triangle. Since then, XRP has been trading in the red, steadily declining even as other cryptocurrencies surged. Notably, if XRP can break out as it did in 2017, @Cryptocupra believes its price could surge, turning many holders into millionaires. He predicted that all that’s left is a final shakeout before a trend reversal to the upside begins, triggering the projected price explosion. Analyst Says XRP At $10-$20 Still On The Table In a separate analysis, market expert Crypto Patel forecasted that XRP’s potential rally toward the $10 to $20 range was “absolutely” still on the table. Despite the cryptocurrency currently trading around $1.4 after months of decline and muted price action, the analyst maintains a solid bullish outlook, citing past price performance and achievements. Related Reading: Analyst Shares ‘Realistic Stance’ For XRP, But Is It The End Of The Road? He noted that despite market participants calling XRP a dead coin in 2023, the cryptocurrency jumped from $0.006 in 2017 to over $3 in 2018. He said that XRP also skyrocketed from $0.50 in November 2024 to over $2.60 in just 30 days. As a result, Crypto Patel believes that a surge to $10 is closer than ever, highlighting a critical accumulation zone between $0.70 and $1.10 for XRP. He believes that this parabolic rally will likely be fueled by the cryptocurrency’s underlying network, which he says is 1,000x faster than Bitcoin, 99% cheaper than Ethereum, and already being used by global banks. Featured image from iStock, chart from Tradingview.com

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta