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XRP is giving veterans of the market a serious sense of déjà vu, as chart watchers point out a nearly identical setup to its 2017 cycle. Could this mean a final explosive move is just around the corner?
In 2017, XRP spent around 210 days in consolidation before it blasted off into one of its most historic rallies. Fast forward to now: XRP has been stuck in a box for 190 days and counting.
One of the analysts says that the token could be just "2-4 weeks away" from a big jump if history repeats itself.
The weekly chart shows this consolidation zone, with the $2.20-$2.80 range holding XRP in a sideways pattern for over six months. This structure is similar to the price coiling we saw in the last cycle before XRP took off.
But some are still watching for one last shakeout before liftoff.
Earlier price activity showed XRP dipping below $2.20 and almost hitting $2.07, with experts predicting a significant drop to the $1.90-$2 range. That sweep has not happened yet. One trader said, "If XRP starts shooting up from here, I'd be 30% careful," showing that they think one last dip in liquidity could sort things out before a real breakout.
The short-term chart backs that up, showing a sharp drop followed by a steady recovery — but no clear return to previous highs. Right now, XRP is trading at about $2.15, stuck between hesitation and anticipation.
The main point? This could just be a lull before the next big storm. If XRP follows the same path it did in 2017, a break above the current consolidation could lead to the kind of move that has been missing in this cycle.
However, some people will not be convinced until that $1.90 zone is swept clean.
Vladislav Sopov
U.Today Editorial Team