"They said it was a dead coin"...XRP, market stirs with 2017's frantic surge pattern

▲ XRP/ChatGPT generated image

Analysis suggests that XRP is showing a chart structure similar to that just before the 2017 bull market, drawing market attention back to XRP. Claims that XRP, which has been on a downward trend for several months, is repeating patterns seen before past surges, have fueled a growing debate in the market about the possibility of a trend reversal.

NewsBTC reported on May 6 that market analyst Cryptocupra (@Cryptocupra), active on X (formerly Twitter), compared XRP's price movements to the 2017 cycle, suggesting a strong possibility of an upward surge. In a video analysis released on May 4, Cryptocupra explained that XRP is exhibiting a similar chart structure to what was observed before the historic bull run in 2017.

According to Cryptocupra, in 2017, XRP traded around $0.006 before breaking out of a descending triangle pattern upwards and continuing a bullish trend. Subsequently, XRP surpassed $3.84 in 2018, reaching an all-time high. At that time, XRP experienced a downward trend for several months within a narrow triangle range before rapidly shifting to an upward surge after the breakout.

Cryptocupra analyzed that the same descending triangle pattern appeared in the 2026 cycle. XRP turned bearish after surpassing $3.5 in 2025, then formed a descending triangle structure amidst a bearish trend. While other cryptocurrencies were rising, XRP continuously showed a downward trend, lagging behind the market.

Cryptocupra argued that if XRP successfully breaks out upwards in the same way as in 2017, a strong upward trend could emerge. He analyzed that only the final "shakeout" period remains before a full trend reversal, after which XRP's price could enter an explosive upward phase.

In a separate analysis, market expert Crypto Patel stated that the possibility of XRP rising to $10-$20 is still open. Crypto Patel mentioned that while market participants called XRP a dead coin in 2023, XRP's past saw it jump from $0.006 in 2017 to over $3 in 2018. He also cited the case of XRP surging from $0.50 to over $2.60 in just 30 days in November 2024.

Crypto Patel suggested XRP's key accumulation zone is between $0.70 and $1.10. He cited the fact that the XRP network is 1,000 times faster than Bitcoin (BTC) and 99% cheaper than Ethereum (ETH), and is already being utilized by global banks, as reasons for his bullish outlook. All analyses cited by NewsBTC focused on XRP exhibiting technical structures similar to past bull markets.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*