- XRP has held above its 2024 breakout zone for over 180 days, mirroring its 2017 structure and rally setup.
- Current consolidation between $2.20 and $3.00 closely tracks the 2017 base, just four bars short of the previous cycle.
- Higher low formations and rounded tops have reappeared, echoing technical signals that preceded XRP’s 63,000% move in 2017.
XRP’s recent consolidation is reflecting structural similarities to its 2017 breakout pattern. Technical setups suggest a repeating cycle anchored in long-term resistance and support behavior.
Multiyear Structure Points to Breakout Readiness
XRP has spent over five years consolidating beneath a horizontal range, forming a compression phase above former resistance. This long accumulation resembles a technical base that historically preceded significant upside movement. Key support and breakout behavior now mirror previous cycles observed during earlier bull phases.
Tracking historical price behavior, XRP moved above a multi-year resistance in early 2024, triggering a 129% surge in 126 days. According to analysts, this zone acted as resistance for nearly six years before giving way. Analysts emphasized the resemblance to the 2017 move, when XRP surged 63,000% after a similar breakout.
Source: X
The analyst also pointed out that XRP held a higher low formation above the prior range during both cycles. This structure signaled bullish intent before explosive upside followed. This chart marked the same rounded top post-breakout, both in 2017 and in 2024, as a key repeat pattern.
XRP’s current position above the breakout line shows structural strength. The price has not returned below this zone since breaking out, keeping support intact. The analysts added that long-term resistance has now flipped into confirmed support, repeating the resistance-then-launch cycle from past movements.
Comparative Cycle Duration Supports Pattern Repetition
The analyst GalaxyBTC has presented a comparative analysis of XRP’s two macro consolidation periods. His focus lies in identifying pattern symmetry across timeframes and duration, with an emphasis on pre-rally compression.
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Observing price behaviour, the 2017 cycle held a base for 210 days before rallying above $3.00. XRP’s current structure has now consolidated for 182 days, showing similar duration and tight channeling. The analyst marked this period as nearly identical in form and time, pointing to possible continuation.
Tracking market trends, the price has remained confined between $2.20 and $3.00, forming a stable range without breakdowns. Resistance above $3.00 has capped further movement, while the support zone near $2.20 has held for months. The analyst also highlighted the horizontal structure beneath past breakouts as a blueprint repeated in the current chart.
The analyst states that both cycles feature sideways action following sharp rallies. These formations preceded vertical price expansions and remained structurally identical in form. The base now sits four bars short of the 2017 formation, with candles showing indecision but no loss of support.
