The XRP community has been abuzz with optimism and bold predictions for the coin’s future. Several prominent analysts have shared their forecasts on crypto social media, however, this latest analysis points to a staggering growth to points not imagined before.
CryptoBull, a known analyst on X (formerly Twitter) shared his analysis, calling the attention of the XRP community to a historical pattern exhibited by XRP seven years ago, in 2017. According to him, the current XRP movement is mirroring that pattern and we could see a repetition of that explosion soon.
His chart from 2017 depicts XRP breaking out of a triangle to reach its all-time high of $3.40 in January 2018. Before the breakout, XRP mostly traded in a closing triangle pattern, consolidating between $0.0025 and $0.03 before the push that sent XRP up by 72,000%.
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Source: CryptoBull/X
CryptoBull claims that the same structure is in play now, except it has a much longer consolidation period, and XRP might repeat the same movement if it breaks out of the closing triangle. Consequently, he noted that XRP’s price movement in the coming months could “shock us all.”
This prediction comes amid a renewed hope brewing in the XRP community, triggered by Gary Gensler’s resignation announcement and the incoming Trump-led pro-crypto administration taking over in January 2025.
Community Reactions
The bold forecast was met with positive reactions from the XRP community. The post which was viewed by over 130,000 people on X reflected excitement and expectations among XRP investors.
One user, Buzz Lightyear, gave his timeline and espective XRP prices. According to him, XRP’s short-term surge will reach around $5-$8, triggered by a potential settlement between Ripple and the SEC. After that, the coin’s price would skyrocket to around $30 based on an increased global XRP adoption.
Another user, Faith Lovecode noted that if this pattern repeats, XRP could “leave everyone speechless” as it could become the biggest cryptocurrency in the market with its price staying above $900. While this forecast might seem overreaching, it represents the growing confidence in the XRP community.
XRP recently surged past $1 for the first time in almost three years after Trump won the November 2024 elections. At the time of writing, the Ripple-backed coin was trading at $1.48, representing a 7.44% increase in the last 24 hours. Notably, XRP now occupies the #6 position on the global crypto market chart, displacing Dogecoin (DOGE) by almost $30 billion in market cap.
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Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.