XRP Reflects 2017 Model After Rise of 129%—This Structure Has Returned

The recent merger of XRP reflects structural similarities with the breakout model of 2017. The technical setups indicate a repeating cycle anchored in long term resistance and support behavior. The multi-year structure indicates a readiness to break out. XRP has spent over five years consolidating below a horizontal range, forming a compression phase above previous resistance. This long-term accumulation resembles a technical foundation that has previously experienced significant upward movements. The current support behavior and key breakout reflect the previous cycles observed in earlier bullish phases. By tracking historical price behavior, XRP broke through a multi-year resistance level in early 2024, triggering a 129% increase over 126 days. According to analysts, this area served as a resistance level for nearly six years before giving way. Analysts emphasize the similarity to the move in 2017, when XRP surged 63,000% after a similar breakout.

Analysts also point out that XRP has maintained the formation of higher lows over the previous range in both cycles. This structure signals bullish intent before a breakout surge. This chart marks the same rounded top after the breakout, in both 2017 and 2024, as an important repeating pattern. The current position of XRP on the breakout shows structural strength. The price has not returned below this area since the breakout, maintaining the support level. Analysts further state that the long term resistance level has now turned into a confirmed support level, repeating the cycle of resistance then launching from previous moves. Time support cycle comparison repeating pattern Analyst GalaxyBTC has presented a comparative analysis of two macro consolidation phases of XRP. His focus is on identifying the symmetry of the pattern across time frames and durations, with an emphasis on the compression before the bullish surge.

Observing price behavior, the 2017 cycle maintained a base for 210 days before rising above $3.00. The current structure of XRP has now been consolidated for 182 days, showing a similar duration and a tight channel. The analyst marks this phase as almost identical in form and time, indicating the potential for continuation. Following the market trend, the price remains between $2.20 and $3.00, forming a stable range without a breakout. Resistance above $3.00 has limited further movement, while the support zone near $2.20 has held for months. The analyst also highlighted the horizontal structure underneath past breakouts as a blueprint that is repeated in the current chart. Analysts indicate that both cycles exhibit sideways action following strong price increases. These patterns occur before the price expands vertically and maintain the same structural shape. The current base is four bars lower than the 2017 pattern, with candles showing hesitation but not losing support.