Ripple’s native token XRP may be on the brink of a major breakout, with new technical analysis highlighting bullish parallels to its legendary 2017 rally. Chart insights from market analyst EGRAG Crypto suggest that XRP could be headed toward long-term Fibonacci extension targets—$7.50, $13.70, and even $27.30—with $2.00 emerging as a critical base level.
XRP Mirrors 2017 Rally: Is History About to Repeat?
According to EGRAG Crypto’s latest update, March 2025’s monthly candle bears a striking resemblance to the October 2017 formation—a moment that preceded XRP’s meteoric rise from under $0.30 to over $3.00 within three months.
Using visual cues, including the now-viral kangaroo icons, EGRAG marks the similarities in structure, volume, and consolidation range between the two periods. If the historical pattern plays out, April and May 2025 could see XRP range sideways, followed by a breakout in the summer months.
This analysis has stirred fresh optimism in the XRP community, with traders watching closely for the next move.
Fibonacci Targets: $7.50, $13.70, $27.30 in Sight
Using Fibonacci extension levels, the analysis identifies the following upside targets:
- 1.236 extension: $7.50
- 1.414 extension: $13.70
- 1.618 extension: $27.30
These levels, commonly used in technical projections during bullish expansions, align with XRP’s previous surge mechanics. The bullish case builds on a foundation of historical price behavior, backed by on-chain consistency and chart structure longevity.
$2.00: The Key Psychological and Technical Base
Among all metrics, the $2.00 level stands out as a pivotal anchor for XRP. Described by EGRAG as the “safest foundation” for a bullish continuation, holding above this zone is seen as vital to triggering a FOMO wave—particularly from retail and institutional players.
More than just a round-number milestone, $2.00 represents the intersection of chart support, investor psychology, and long-term trend alignment. A failure to hold above this level could delay the anticipated surge, according to the chart analysis.
Long-Term Channel Still Intact Since 2014
Despite wild market cycles, XRP has respected a decade-long ascending support channel that dates all the way back to 2014. This trendline has held firm through numerous bear markets, acting as a resilient foundation for price recovery and continuation.
EGRAG’s confidence stems from XRP’s ability to consistently bounce off the lower bounds of this channel—demonstrating structural integrity that few altcoins can match.
As of now, XRP remains inside the channel, consolidating above its base, with the next few months potentially setting the stage for a rapid acceleration phase.
