The XRP Price Trigger That Fueled 2017’s 20x Rally Is Back — Could $50 Be Next?
As of early May, XRP has been trading between $2.195 and $2.25 over the past three days. Despite a two-month correction from its January peak of $3.30, XRP’s 2-month candlestick is holding a solid green body—a strong sign that bulls remain firmly in control on higher timeframes, even with lower timeframe volatility.
Now, the same pattern that ignited XRP’s 20x rally in 2017 has reappeared, flashing a precise technical signal.
2-Month Chart Reveals a Breakout Structure
A deep dive into XRP’s 2-month candlestick chart shows a powerful bullish setup taking shape. Crypto analyst JD highlighted this on X (formerly Twitter), showcasing XRP’s breakout from a long-term triangle formation that has contained its price since 2018.
This triangle features a flat resistance trendline on top and a rising support trendline below. In late 2024, XRP broke above this key resistance—echoing its early 2017 breakout that kicked off its historic run.
After smashing through resistance, XRP surged to a multi-year high of $3.30. It’s currently consolidating around $2.00 following its correction phase.
Stochastic RSI Cross: A Powerful Bullish Signal
Fueling the bullish case further is a Stochastic RSI (SRSI) cross above 80. JD noted this rare signal last appeared in 2017, just before XRP’s legendary 20x surge in under four months.
His analysis marks a yellow highlight at the SRSI crossover point during that historic breakout. The current 2-month chart now shows the same pattern playing out again.
For context: when the Stochastic RSI’s %K line crosses above the %D line—especially above the 80 level—it signals strong bullish momentum. Back in 2017, this preceded XRP’s run from $0.15 to $3.40.
Will History Repeat?
With XRP now eyeing similar technical conditions, many traders are watching closely to see if the stars align once more—this time with targets potentially reaching $50 if the momentum mirrors 2017’s trajectory.
