What to Know:
- XRP is showing chart patterns similar to its 2017 breakout, potentially signaling a significant price surge.
- Analysts project a target of $9.90 for XRP, representing a 310% increase from current levels based on historical data.
- Recent on-chain data indicates large XRP holders are moving tokens to exchanges, while technical indicators suggest a possible rebound.
XRP is exhibiting a chart pattern reminiscent of its pre-2017 rally, capturing the attention of analysts who foresee a potential 309% surge to $9.90. The current price movements are occurring within a long-standing channel that has dictated XRP’s price action for over a decade. Investors are closely monitoring these developments as the market tests key levels observed during the last major price surge.
A monthly chart reveals that XRP has been trading within an upward-sloping channel since 2014, reacting consistently to its support, median band, and upper boundary. In Q4 2017, XRP broke above the channel’s middle, leading to a parabolic rise. A similar setup is forming in Q4 2025, with XRP recently touching the middle band again and consolidating below it.
$XRP a different perspective. 🎯
Q4 2017 After breaking the middle band of the channel, XRP peaked in a parabolic rise within a few months.
Q4 2025 In the same channel structure, the price again touched the middle band, was rejected, and then began to accumulate.
The chart… pic.twitter.com/Zd0nezIpKL
— Eá´Êá´ÊNá´ê±Êá´É´á´L 🪙🧩 (@EtherNasyonaL) October 23, 2025
Javon Marks’ chart draws parallels between the current setup and the 2017 breakout, utilizing historical moves and Fibonacci extensions to project a target of $9.90. Meanwhile, CRYPTOWZRD’s daily technical update indicates that XRP closed the session without a clear direction, remaining near its daily support, with resistance at $2.75 and support near $2.27. Short-term charts suggest a possible dip to $2.3, with a potential bounce leading to $2.55.
On-chain data reveals that wallets holding over one billion XRP have transferred approximately 1.09 billion tokens since October 16, potentially indicating profit-taking or reduced exposure by large holders. Despite this, Ali Martinez noted that the TD Sequential indicator has printed a buy signal on the XRP chart, suggesting a possible rebound. Traders are closely watching these movements for potential impacts on price direction.
As XRP navigates these technical and on-chain dynamics, the potential for significant price movement remains a key focus for investors. The convergence of bullish chart patterns and positive technical indicators offers an optimistic outlook, though vigilance regarding whale activity is warranted. The interplay between these factors will likely shape XRP’s trajectory in the coming months.
Source: Original article
