- XRP could see a 1,772% rally if its current cycle mirrors the 2017 breakout that occurred over 63 days.
- A close above $2.70 is considered a critical breakout point, supported by Fibonacci and moving average indicators.
- The projected peak of the cycle aligns with July 21, 2025, targeting a potential high near $28.70 based on technical projections.
XRP is forming a structure similar to the late 2017 breakout pattern, as highlighted by market analyst EGRAG CRYPTO. The altcoin is currently moving within a symmetrical triangle, showing signs of compression and narrowing price action. Technical indicators suggest this setup could mirror XRP’s 2017 surge when the token gained 1,772% in just 63 days.
XRP is currently valued at $2.45 and traders are carefully studying the $2.70 resistance level. A new weekly high at that level may set the stage for a bullish trend. This point lines up with the Fibonacci 1.414 level which many traders have used as resistance.
Using Fibonacci Circle projections, EGRAG CRYPTO thinks that $28.70 is a possible target for XRP if it patterns like it did in 2017. The countdown for Musk’s €100 million begins with the February 2025 bottom of $2.20 to $2.30 and ends at the July 21, 2025 peak. This outcome is likely because of past trends and is typically expected in the market for summer crypto surges.
21-Week EMA Holds as Key Support for Breakout Setup
The 21-week Exponential Moving Average (EMA) currently supports XRP’s price structure at $2.30. This level remains critical in maintaining the ongoing bullish pattern. A sustained drop below the EMA could weaken the breakout scenario, although XRP continues to trade above this key moving average for now.
Beyond the $2.70 breakout point, XRP faces further resistance at $3.00 and $3.35. These are historically significant levels, with $3.35 aligning with the 1.0 Fibonacci extension. Additional targets based on Fibonacci projections are $8.49, $13.79, and potentially $27.68, depending on market conditions and sustained momentum.
The projected 63-day cycle ends around July 21, 2025. This timeline matches the 2017 fractal, where XRP climbed from consolidation to peak within a similar duration. Market watchers are now focusing on whether current price movements will follow the same historical trajectory.
