- Currently altcoin XRP price action strongly resembles what it printed in 2017.
- The price of XRP could experience an epic price rally.
- Will XRP finally set new ATH prices this year?
With the New Year seeing a strong pump for Bitcoin and Ethereum, expectations for altcoins to follow this steady rise grow stronger by the day. Presently, Bitcoin is trading above $90,000 while ETH is trading above $3,000, leading analyst to set trade positions that could lead to strategic gains. The current altcon XRP price action strongly resembles what it printed in 2017. Could an epic rally lie ahead?
Current Altcoin XRP Price Action Strongly Resembles 2017 Pump
Ever since Ripple and XRP won its lawsuit agains the SEC, the last two years have experienced growing price pump expectations for the price of XRP. Soon after its win, the price of XRP saw two immediate price pumps whic brought the value of the popular altcoin from a mere few cents to over $2. Despite these promising pumps, the price of XRP failed to reclaim its previous ATH price in the $3 price range set in 2017.
Before the SEC slapped Ripple with its lawsuit on XRP, the price of the altcoin was rising steadily alongside Bitcoin (BTC) and Ethereum (ETH). Sitting right below these assets in terms of total market cap, XRP was gaining a lot of attention, and analysts expect the price of XRP would be at least in the 3-4 digit price range now if its progress wasn’t so needlessly hindered by the SEC almost a decade ago.
Could a Monumental Price Pump Lie Ahead for XRP?
Now, with the lawsuit dealt with and the price of XRP trading close to the $2 price range, analysts grow eager once again to see XRP climbing back to its previous ATH price. According to CoinMarketCap analytics, the price of XRP sits above the $2 price range, trading at $2.13, showing a surge of 2.82% in the last 24-hours. With its previous ATH of $3.84 just under a 45% pump away, expectations grow stronger.
What’s most exciting is that the post above depicts how XRP’s current price action is strongly resembling what we saw in 2017. As depicted, in both periods, XRP went through a long consolidation, followed by a sharp corrective move that formed a falling wedge. In 2017, that structure marked the final reset before the breakout. Once price exited the wedge, XRP entered its expansion phase and momentum accelerated rapidly.
That same setup is visible today. The corrective structure looks complete, downside momentum has faded, and XRP is now breaking out of the same type of compression zone that preceded the 2017 rally. Responses agree that the 2017 fractal is clear. A falling wedge after a long consolidation was the final shakeout before the historic run. So, if this pattern holds, XRP is in the final accumulation zone before expansion.
Another response states that in both cases, a prolonged consolidation flushed excess leverage, the corrective wedge compressed volatility, and momentum shifted quietly before price expansion. When downside pressure fades and compression resolves upward, the move that follows is typically driven by positioning rather than headlines, which is exactly how the 2017 breakout began.
