- An analyst has published a bullish forecast for XRP based on three key technical factors.
- The analysis cites the repetition of historical market cycles from 2017 and 2020.
- XRP has also formed a seven-month symmetrical triangle, a classic pre-breakout pattern.
A top crypto analyst mostly followed for his data-driven XRP charts, has laid out a bullish case for the token’s long-term price action. The analysis focuses on three primary technical factors that suggest XRP is preparing for a significant upward movement based on its past market cycles.
This forecast arrives as XRP trades near $2.16, with its daily trading volume at $1.82 billion, a decline of 32.62%. The analysis suggests the current market action is part of a larger consolidation phase that has historically preceded major price rallies.
Analysis Cites Repetition of Historical Market Cycles
The first factor in the bullish analysis is the repetition of historical market patterns. According to a bi-weekly XRP/USD chart, the structure of the current market cycle mirrors the cycles that led to major rallies in mid-2017 and late-2020.
The forecast suggests that XRP has completed the first major wave of its current cycle and, if the pattern remains consistent with past movements, it is now positioned for its next major wave.
Related: XRP Chart Forms Bullish ‘Monster’ Wedge as Analysts Eye a Major Breakout
Long-Term Indicators and Triangle Pattern
The second factor is a proprietary long-term chart model the analyst calls the “RGB Arcs,” which uses curved trendlines to track XRP’s price dynamics since 2013. This model reportedly shows the price following a predictable sequence, suggesting a significant upward trajectory for mid-2025.
The third factor is a more traditional technical pattern. The chart shows XRP has been consolidating within a narrowing symmetrical triangle for the past seven months. This type of formation is typically viewed as a period of accumulation before a potential breakout. The analysis notes that one more monthly candle may form before the pattern resolves.
Related: XRP’s Momentum Builds: 4X Realized Cap Growth vs Solana
XRP Current Market Data
While the price holds near $2.16, recording a gain of 0.44%, the daily trading volume has dropped by 32.62%, falling to $1.82 billion. XRP’s market capitalization stands at approximately $127.8 billion.
Additionally, the token’s fully diluted valuation is about $216.83 billion, with a circulating supply of nearly 58.93 billion XRP out of a total of 100 billion.
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