- DonAlt identifies similar consolidation patterns between 2017 and the current cycles.
- XRP surged nearly 1,200% between Dec 2017 and Jan 2018, hitting a record high of $3.84.
- XRP ETF approval could serve as a catalyst for the next parabolic move.
Cryptocurrency analyst DonAlt has predicted that XRP could replicate its 2017 performance with a potential 1,200% rally, based on similar market patterns. Back then, the token skyrocketed nearly 1,200% between December 2017 and January 2018, hitting an all-time high of $3.84 that remains unbroken. The move followed months of consolidation before the explosive breakout that captured global attention.
DonAlt identifies comparable consolidation patterns in XRP’s current price action following recent breakout attempts. The analyst suggests that if historical patterns repeat, XRP may retest its previous all-time high before initiating another parabolic rally.
Market Conditions Differ From the 2017 Environment
The current market situation presents different challenges and opportunities compared to the 2017 cryptocurrency boom period. Regulatory clarity, institutional adoption, and market maturity have evolved substantially since XRP’s initial rally to record highs.
XRP trades at $2.29 at press time, positioning the token for potential upward movement if DonAlt’s analysis proves accurate. The current price level represents a 32% discount from the 2017 all-time high, creating room for substantial gains.
A spot XRP ETF approval could provide the catalyst needed for the next parabolic rally, according to market observers. ETF products have historically generated increased institutional interest and buying pressure for underlying assets.
Crypto Exchanges Shift Toward Banking Models
On the other hand, legal analyst John E Deaton has outlined how cryptocurrency exchanges like Coinbase, Kraken, and Robinhood are evolving into comprehensive financial service providers. These platforms may offer mortgages, construction loans, and peer-to-peer lending services.
Deaton speculates that if Ripple acquires Uphold, the combined entity could accelerate this trend toward crypto-native banking services. Traditional banks that fail to innovate risk losing market share to DeFi platforms offering higher yields and faster services.
The convergence of regulatory clarity, institutional adoption, and technological advancement creates conditions that could support major XRP price movements. However, cryptocurrency markets remain volatile and unpredictable despite technical analysis.
Related: XRP Mid-Year Recap 2025: Surge, Setbacks, and the Road to ETF Approval
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