- XRP trades near $2.40 after the October 10 flash crash, with bulls eyeing a repeat of 2017’s rebound setup.
- Analyst says a multi-year trendline retest from eight years ago now anchors the case for a run toward $3.
- Exchange price gaps during the crash, notably on Binance, frame liquidity and execution risks as key near-term variables.
A cryptocurrency analyst on X believes XRP would initiate a significant bull run from its current price level without any further pullback. The analyst’s latest post is a follow-up to a previous one, where he predicted the cryptocurrency’s rebound from a flash crash, citing historical patterns.
Related: XRP Price Today Near $2.40 After Multi-Year Trendline Break as Whales Add 30M in a Day
XRP Repeats an 8-Year-Old Pattern
The analyst’s latest stance on XRP reflects a retest of an 8-year-old descending trendline support that triggered a historic rally for the cryptocurrency. Notably, the referenced rally happened under a similar circumstance, following a flash crash that saw XRP lose about 99.9% of its value in 2017.
It is worth noting that XRP rebounded almost immediately after the 2017 crash before initiating its most significant bull run in history. In the meantime, the crypto analyst has identified common factors between the latest XRP flash crash and the 2017 event, including irregularities in exchange prices.
Related: XRP and Solana Front 155 ETF Filings as SEC Backlog Grows
Binance suffered the most hits across the two sessions, with XRP’s price dropping to its lowest price on the crypto exchange. The cryptocurrency’s price slumped to $0.77 on Binance during the October 10, 2025, crypto market crash, despite recording a minimum price of above $1.00 on other top exchanges.
XRP Surge to $3 before Halloween?
The reason behind such a variation in the price decline on Binance remains unclear, even though the crypto exchange had a unique problem with some collateral assets, including USDe, BNSOL, and wBETH, all of which saw sharper declines than anywhere else.
Considering XRP’s historical behavior, the crypto analyst is confident that the cryptocurrency will rebound and surge above the $3 mark soon. He regards the latest recovery from the October 10 flash crash as a show of strength and proof of XRP’s bullish momentum.
In the meantime, the payment-focused cryptocurrency traded for $2.40 at the time of writing, reflecting a slight pullback from the crucial $2.5 psychological level.
Related: Can XRP Reach $3 Before Halloween? Here’s What the Data Says
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