**XRP Forms Chart Pattern Mirroring 2017 Rally Setup**
Analysts are closely monitoring XRP as it develops a chart pattern reminiscent of the price action leading up to the 2017 rally. The market is currently testing key levels that were pivotal during the last major surge, with price movements unfolding within a long-standing channel structure that has influenced XRP’s price trajectory for over a decade.
### Price Moves Within Long-Term Channel
A monthly chart shared by EtherNasyonaL reveals that Ripple’s token is trading inside an upward-sloping channel dating back to 2014. This channel features a lower support boundary, a central median band, and an upper boundary, with price consistently responding to these levels.
Back in Q4 2017, XRP broke above the middle band of this channel and, after a brief period of sideways movement, surged to peak near $3. A similar setup is emerging as we approach Q4 2025. Recently, XRP touched the middle band again but faced rejection and is currently consolidating just below that level.
At the time of writing, XRP trades at $2.44 with over $3 billion in daily volume, reflecting robust market activity during this phase.
### Chart Projects $9.90 Target
Another chart from analyst Javon Marks draws parallels between the current setup and the 2017 breakout. Utilizing historical price moves and Fibonacci extensions, Marks forecasts future price zones, identifying $9.90 as the next significant target. This level represents a potential 310% increase from current prices.
“Due to the extreme similarities in XRP’s price structure to the previous bull run, $9.90 looks to be up next,” the post stated. While other targets lie beyond this level, the primary focus remains on whether XRP can break through nearby resistance and sustain upward momentum.
### Technical Outlook: Support and Resistance Levels
CRYPTOWZRD provided a daily technical update indicating that XRP closed the session with no clear direction, hovering near its daily support. Key resistance is set at $2.75, with support near $2.27.
Short-term charts suggest a possible dip toward $2.30. A bounce from this level could propel XRP towards $2.55. However, a drop below $2.30 would tilt the chart toward bearish territory.
Furthermore, XRP’s price movement appears linked to Bitcoin’s performance, particularly its market dominance, which will influence the potential for an upside breakout.
### Large Holders Move Coins to Exchanges
On-chain data reveals that wallets holding more than one billion XRP have transferred approximately 1.09 billion tokens to exchanges since October 16, as reported by CryptoPotato. This activity indicates that large holders, or “whales,” might be taking profits or reducing exposure.
Such significant inflows into exchanges often signal caution among traders, as this can precede increased selling pressure and impact price direction.
Meanwhile, analyst Ali Martinez observed that the TD Sequential indicator has printed a buy signal on XRP’s chart, hinting at potential bullish momentum in the near term.
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**Summary:** XRP is exhibiting chart patterns similar to those before the historic 2017 rally, trading within a decade-old upward channel with key resistance at $2.75 and support near $2.27. Analysts target a significant $9.90 price level, but large holder activity and Bitcoin’s market dynamics will be crucial in determining the next move.
https://cryptopotato.com/ripple-deja-vu-xrp-mirrors-2017-pattern-before-massive-rally/
