XRP Copies Pre-2017 Bull Run Pattern... What's the Probability of a 900% Surge Scenario?

▲ XRP/AI-generated image

XRP has replicated a technical structure similar to that seen just before its past super bull run, leading to the emergence of a large-scale surge scenario targeting up to $15.

According to crypto media outlet NewsBTC on April 27 (local time), virtual asset analyst Javon Marks diagnosed that XRP has entered a critical retest zone after breaking above a long-term symmetrical triangle convergence pattern. Marks stated, "The current sideways movement is the final consolidation phase before a major surge, and once the retest is complete, an upward movement of over 900% could unfold."

The core of the analysis is the measured movement pattern. XRP broke out of a multi-year triangle convergence zone at the end of 2024, and this structure resembles the pattern seen just before its all-time high in 2017. Based on historical data, Marks set the initial target price for this cycle at $15. This suggests a potential for approximately a 10-fold increase from the current level of around $1.4.

Even amidst overall market volatility, XRP's fundamental indicators are strengthening. Increased activity on the XRP Ledger, coupled with expectations of institutional capital inflow, suggests the potential for expanded liquidity. Marks stated, "An altcoin market phase could unfold where XRP outperforms Bitcoin in returns." The Relative Strength Index (RSI) is also analyzed to be maintaining a medium-to-long-term upward trend.

Expectations of easing legal uncertainties between Ripple and regulatory authorities are also cited as a positive factor. Discussions on a US cryptocurrency market structure bill have improved investor sentiment, expanding the possibility of institutional funds incorporating XRP into their portfolios. The current consolidation phase is interpreted as a process of absorbing short-term profit-taking.

The completion of the retest is identified as a critical turning point for this cycle. With technical patterns and changes in the regulatory environment aligning simultaneously, XRP is assessed to be in a position to enter a long-term upward cycle.

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