Attention to XRP has been reignited due to recent analysis from well-known analyst Steph, indicating possible growth for the coin in the coming years.
Structural Comparison to 2017
Steph highlighted the structural similarity of current price action with the 2017 cycle. He pointed to two main consolidation patterns: the first, from 2014 to 2017, ended with a breakout leading to XRP's all-time high in early 2018; the second one has been forming since 2018 and is nearing resolution.
Technical Setup for Rally to $30
On the monthly chart, XRP has proven that a historical resistance level has turned into support. Currently trading at $2.18, the next key liquidity level is $2.35. Breaking through this level could pave the way for significant price growth towards $30.
Historical Echoes and Price Projection
Steph drew parallels with the previous XRP cycle where the asset surged after breaking free from long-term consolidation. In 2025, XRP could replicate this if it surpasses the $2.35 resistance and shows growth similar to the surge observed in late 2024.
Steph's analysis highlights the potential for XRP in the coming years, drawing upon historical trends and technical signals, indicating that the cryptocurrency may experience significant price fluctuations again.
