XRP’s 2024 Breakout Mirrors 2017 Rally – Is a Major Surge Ahead?
XRP's 2024 breakout pattern resembles 2017's but is twice as large! Could this signal an explosive price rally ahead? Find out more.
- XRP’s current breakout pattern is over twice the size of 2017’s surge.
- Historical patterns suggest potential for a significant price rally.
- Investors speculate whether XRP is on the verge of a major bull run.
XRP has shown impressive bullish momentum, breaking out of a pattern in November 2024 that strongly resembles its famous 2017 breakout. However, this time, the pattern is reportedly more than twice the size! If history repeats itself, XRP could be gearing up for an explosive rally that surpasses previous expectations.
Comparing XRP’s 2024 and 2017 Patterns
In 2017, XRP experienced a historic breakout, skyrocketing from fractions of a cent to over $3 per token. Technical analysts now observe that the 2024 breakout has a similar structure but on a much grander scale. Larger patterns often indicate stronger moves, suggesting XRP could be in the middle of a rally far bigger than previously imagined.
The pattern that $XRP broke out of in November 2024 is highly similar to that 2017 Breakout pattern and
— JAVON⚡️MARKS (@JavonTM1) March 5, 2025
MORE THAN 2X LARGER 😱!
This run can be far from complete and prices can be in the midst of a climb that's greater than many think or even imagine to possible… pic.twitter.com/GHoWYNPSQh
Could XRP See an Unprecedented Price Surge?
With historical data supporting a bullish case, many traders are optimistic. A larger breakout pattern implies greater market momentum, especially when paired with positive macroeconomic factors and increasing adoption of XRP in cross-border payments. If the pattern holds, XRP could be primed for a substantial move upwards. However, as always, investors should remain cautious and conduct their own research before making any decisions.
