An analysis shows XRP’s long-term chart is forming a fractal that mirrors its 2017 rally.
The pattern is a multi-year “W” formation, suggesting a major accumulation phase is underway.
The price is currently holding key support levels that were also present before the last bull run.
XRP’s recent price action is stirring bullish hopes among traders, as a veteran crypto analyst has identified a historical price pattern, or “fractal,” that mirrors the setup preceding XRP’s massive 2017 bull run. The analysis suggests that despite a slow recovery, XRP may be in a long-term accumulation phase, coiling for a significant future rally.
The analysis comes from veteran trader Pepa, who is known for his early calls in previous XRP cycles. Currently trading near $2.24, XRP has been consolidating, but the underlying macro chart structure is now the focal point for long-term bulls.
Veteran Trader Pepa Predicts $XRP Next Target at $23.94 Based on This Historical Formation.
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— TheCryptoBasic (@thecryptobasic) June 12, 2025
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