- Analyst warns XRP could repeat 2017 surge before massive crash.
- Chart suggests XRP nearing breakout after years of consolidation struggle.
- XRP traders brace for potential rally followed by sharp reversal.
The XRP market has once again caught the attention of traders after a crypto analyst suggested that history might be repeating itself. According to JD, a technical setup resembling the 2017 chart pattern could lead to another major surge before an eventual crash.
He shared his analysis on X, explaining that in 2017, XRP experienced a sudden liquidity dump on Binance caused by a large sell order. That sharp fall was followed by an explosive rally, marking the biggest price rise in the token’s history and propelling XRP to its all-time high.
In his latest post, JD pointed to similar conditions forming again in the current market structure. He noted that a long period of consolidation and investor fatigue may soon give way to a strong upward breakout, echoing XRP’s past performance.
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The chart displayed a symmetrical triangle pattern, suggesting that the token could soon move sharply in one direction. JD argued that such patterns often lead to major rallies, but he also warned that the excitement could be short-lived.
Besides, the analyst mocked those who hold XRP without a strategy, recalling how many long-term holders waited for years after the 2018 crash. He cautioned that traders who fail to recognize market cycles could face heavy losses once the next correction begins.
Chart Patterns Signal Possible Repeat of 2017 Cycle
The detailed chart highlighted XRP’s previous phases of accumulation, breakout, and deep retracement. A caption on the image read that a capitulation wick in 2017 was followed by a new all-time high just a month later.
According to JD, a similar wick may already be forming, indicating that another massive move could be underway. He described the potential scenario as a “historical rug pull” where early gains attract traders before a steep decline wipes them out.
Moreover, the analyst urged investors to rely on technical analysis rather than social media hype or emotional speculation. He emphasized that market euphoria often misleads traders into entering at the peak when risk is highest.
As XRP continues to trade within a narrow range, anticipation is building around a potential breakout. Whether this marks the start of another historic rally or the setup for a painful correction remains to be seen.
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