$XRP price shows a bullish trend that aligns with the pattern seen in 2017.
Analysts believe the #xrp could surge by 1700% within the next 63 days.
A push above the $3 level may trigger a strong breakout toward a new all-time high.
The 21-week exponential moving average continues as a strong support level for XRP.
XRP price has remained stable despite recent market volatility and macroeconomic pressures.
XRP price could soon reclaim its all-time high as key indicators align with historical bullish patterns. The digital asset is tracking a similar trend from 2017 when it surged over 1,700% in 63 days. With growing on-chain support and market optimism, analysts project a possible XRP price spike toward $27.
XRP Price Poised for Breakout Based on 2017 Pattern
XRP price has maintained a firm trajectory despite recent volatility, showing signs of a significant upward trend. Analyst EGRAG CRYPTO highlighted that the current market mirrors the pre-rally setup of October 2017. During that period, the XRP price surged over 1,700%, marking its previous all-time high of approximately $3.84.
The same analyst now projects a similar move, suggesting XRP price could climb to $27 within the next 63 days. He emphasized the 21-week exponential moving average as a strong firm support level. Historical performance shows that this indicator helped defend against downward pressure before the last major rally.o
EGRAG noted that the XRP should remain above $2.3 to retain its bullish stance in the short term. A break above the Fibonacci 1.414 level near $2.7 may confirm sustained momentum. If conditions align, a final push beyond the $3 mark is expected to trigger a full breakout.
XRP Price Gains Despite Market Pullback
Despite macroeconomic drag, XRP price has held steady and even recorded a slight gain over the past week. The coin reached $2.645 during the recent rally before falling back to $2.349 at the reporting time. This movement represents a 0.75% decline in the past 24 hours.
XRP dropped from a high of $3.69 to a low of $2.29 before stabilizing. This range reflects ongoing market fluctuations, yet the bullish structure remains intact. Recent performance aligns with the broader digital asset market, which saw Bitcoin hit an all-time high of $109,000.
The XRP trend also gained momentum from renewed enthusiasm following Ethereum’s stall in growth. Legal experts such as John Deaton have fueled speculation that XRP could surpass Ethereum in market capitalization. The growing confidence surrounding XRP adds to its potential for a near-term breakout.
XRP ETF Prospects Could Strengthen Price Momentum
XRP outlook also strengthens from increased institutional interest tied to possible ETF approvals. Major firms, including Grayscale, CoinShares, and Bitwise have submitted applications for an XRP ETF. While the SEC recently delayed the CoinShares filing, expectations remain strong for eventual approval.
Despite regulatory pauses, these developments have fueled positive sentiment, reinforcing the XRP resilience. Market participants believe the SEC will issue a decision ahead of final deadlines. The approval of any XRP ETF could significantly boost market liquidity and visibility.
XRP price could benefit from long-term adoption as more asset managers integrate the coin into formal portfolios. With utility-driven demand and stronger fundamentals, XRP remains positioned for potential explosive growth. All eyes now turn to whether it can breach the $3 resistance and begin its path to $27
