TL;DR
- XRP breaks out of multi-year triangle, mirroring 2017 pattern with strong price momentum.
- Whale transfers and surging volume add speculation amid XRP’s sustained move above key levels.
- Analyst Javon Marks predicts a potential 251% rally with a target of $9.63 or higher.
XRP Shows Strong Momentum Above 2017 High
Ripple (XRP) was trading at $2.58 at press time, reflecting an increase of 6.56% in the last 24 hours and a notable 15.15% rise over the past week. Additionally, trading volume has surged to $5.87 billion, marking an uptick of 28.20% from the previous day, indicative of increased market activity.
Chart analysis suggests that XRP has broken out from a substantial multi-year symmetrical triangle formation that has developed between 2018 and 2024. This breakout mirrors the pattern observed in 2017, where the cryptocurrency experienced a sharp impulse move followed by a consolidation phase before embarking on another upward trajectory. Should history repeat itself, XRP may be poised for another significant price move.
Interestingly, XRP’s price action closely tracks its historical trends. Following its macro triangle breakout, the price swiftly surged past multiple resistance levels, showing resilience as it establishes a support level above $2.54.
The Relative Strength Index (RSI) is currently in overbought territory, reflecting levels unseen since 2017, providing further validation of the bullish momentum behind this breakout.
Whale Transactions Add Speculation
Recent activity among large holders, or “whales,” has escalated. A notable transfer of 40 million XRP (valued at over $101 million) between unidentified wallets was highlighted by Whale Alert.
Furthermore, another notable transaction of 25.49 million XRP moved from a private wallet to Coinbase, an event that often precedes increased market activity as reported by CryptoPotato.
These whale transfers coincide with XRP’s rising price, generating speculation about their potential impact on market dynamics, even as the reasons behind these movements remain uncertain.
Analyst Targets Point to $9.63 and Higher
Crypto analyst Javon Marks has suggested that XRP may be on a trajectory toward $9.63, supported by fractal analysis and Fibonacci extensions.
$XRP‘s history still points to the next leg up leading into $9.631+, if not WELL beyond!
That’s another +251% from here… pic.twitter.com/xS0hU635Dq
— JAVON MARKS (@JavonTM1) July 11, 2025
“XRP’s history still points to the next leg up leading into $9.631+, if not well beyond,” he stated.
The technical outlook remains bullish as long as XRP continues to trade above $2. Consolidation at these elevated price points may create a foundation for another upward movement, aligning itself with historical trends.
The original post titled XRP Price Flashes 2017 Pattern, $10 in Sight for Ripple? first appeared on CryptoPotato.
