- XRP mirrors 2017 breakout signals, aiming for $10.7 to over $55 in the coming surge.
- Price dipped below $2.12 support may break $2.1750 to regain bullish momentum soon.
- Regulatory clarity on SEC lawsuit and ETF approval may catalyze explosive Ripple rally.
XRP appears poised for a significant breakout reminiscent of its explosive 2017 rally, which propelled it to an all-time high in early 2018. Crypto analyst highlights that @egragcrypto mentioned XRP’s monthly technical indicators now mirror patterns seen before that massive surge.
Back in 2017, XRP experienced an unprecedented rally, skyrocketing from just $0.0055 in February to $3.84 by January 2018. This represented a staggering 69,276.7% gain within a year. Recent bullish momentum, especially the sharp November 2024 recovery and near-ATH attempt in January 2025 has rekindled hopes for a similar trajectory.
The analyst projects a massive price surge for Ripple, from $10.7 to $18, $27, and potentially over $55 if the current cycle aligns with the historic bull run. Ripple’s price has been trading within a macro channel since 2017, with two key phases “Move 1” and “Move 2” representing critical points in this long-term trend.
XRP Slips Below Key $2.12 Level
XRP recently failed to sustain momentum above $2.220, leading to a fresh decline alongside Bitcoin and Ethereum. It dropped below support levels at $2.150 and $2.120 and broke a key bullish trend line near $2.192 on the hourly chart. The price tested the $2.050 zone and is now consolidating losses below the 23.6% Fibonacci retracement from the recent high.
Currently, Ripple trades below $2.120 and the 100-hour simple moving average, facing resistance near $2.120, $2.150, and $2.1750. Surpassing $2.1750 could trigger a rise toward $2.20, with further resistance at $2.220 and $2.2420. The next major bullish hurdle sits at $2.25.
Market optimism also hinges on three key upcoming events. The US SEC lawsuit towards Ripple is expected to see a status update by June 16, following a court-imposed extension on the appeal with the most recent filing on the record. The outcome of the case could change the entire climate of Ripple.
SEC’s Delay in Spot XRP ETF Decisions
Another crucial factor is the SEC’s delay in decisions about spot XRP ETF applications. Despite the delay, experts like Nate Geraci and James Seyffart believe approval is likely before the final 2025 deadline, viewing the postponement as regulatory due diligence rather than rejection.
While Ripple remains focused on its XRP Ledger (XRPL) cross-border payment solution, it is worth mentioning that it is currently attracting a global institutional audience. Ripple’s utility extends beyond payments, supporting treasury protection against fiat inflation, treasury protection against fiat inflation, and decentralized physical infrastructure networks (DePIN), thus establishing its fundamental value.
Ripple’s evolving ecosystem and the nearing regulatory clarifications are fueling renewed investor confidence. If history repeats, XRP’s price could embark on another extraordinary rally, echoing the dramatic surge seen in its 2017–2018 bull cycle.
Read More: XRP Faces Growing Bearish Pressure, Critical Support at $2.06 Under Threat