XRP Price is Showing 2017’s 30x ‘Rally Vibes’ — Top Analyst

XRP (XRP) is flashing a familiar technical pattern last seen before its explosive 2017 bull run, according to crypto market analyst MilkyBull Crypto.

“I HAVE SEEN THIS MOVIE BEFORE,” the analyst wrote on X on June 16, citing a near-identical consolidation structure on XRP’s 3-week chart that preceded a multi-thousand-percent rally in the last cycle.

The XRP Price Fractal Explained

The first chart shows XRP’s historical price action between 2016 and 2017, during which the token spent several months consolidating within a descending triangle before staging a massive breakout.

A similar structure appears to be unfolding in 2025, with XRP trading steadily near the $2.30 level after a strong vertical rally earlier this year. In both instances, the price consolidated for an extended period above a rising exponential moving average (EMA), suggesting underlying bullish strength.

Additionally, volatility and volume have contracted as XRP approaches the apex of the current triangle formation, another characteristic commonly seen before continuation moves.

If this fractal plays out, MilkyBull’s comparison implies that XRP could be on the verge of another parabolic breakout.

Bullish Pennant Breakout Ahead? RSI Supports Strength

Further confirmation comes from a second chart shared by analyst BitcoinWallah, who identifies a textbook symmetrical triangle pattern on the 3-week XRP/USDT chart.

The structure shows price compressing between converging trendlines after a vertical impulse, a classic continuation pattern. Per the rule of technical analysis, a symmetrical triangle breakout above the upper trendline could send the price to a level at length equal to the triangle’s maximum height.

That puts XRP’s upside target for 2025 at around $4.56, up around 110% from the current price levels.

Notably, XRP’s relative strength index (RSI) remains elevated at 61.70, well above neutral, indicating strong bullish momentum despite recent consolidation. The RSI structure mirrors its behavior in previous macro rallies, where price consolidated near the overbought zone before another leg up.