Despite lagging behind other major altcoins, XRP may be closer to a major breakout than many investors realize — if history is repeating itself.

According to market analyst Mr. Xoom, XRP’s current price action is showing an uncanny resemblance to its 2017 behavior, potentially signaling a powerful move ahead in late June or early July.

Current Market Situation: Prolonged Consolidation

XRP has underperformed since early May and is now trading below the key $2.20 support, continuing a bearish consolidation phase that began in February. This stagnation has tested investor patience, with some analysts — like Ripple Van Wickle — describing XRP’s chart this week as “horrible.”

But according to Mr. Xoom, this long-awaited breakout might be just around the corner.

🕰️ XRP’s 2017 Fractal: A Familiar Pattern?

Xoom points to XRP's 2017 bull run for clues. Back then, XRP rallied from $0.00555 in March 2017 to $0.3988 in May, followed by a steep pullback under $0.30. What followed was a 210-day consolidation period, which ultimately ended in a legendary breakout to $3.80 in January 2018.

The same script may be playing out now.

In November 2024, XRP rallied from $0.50 to $3.40 by mid-January 2025 — a strikingly similar setup. Following that rally, XRP entered another extended pullback and sideways phase, now 190 days in.

⏳ Based on the 2017 timeline, Xoom believes XRP could break out within the next 2 to 4 weeks, potentially signaling a shift in market momentum by late June or early July 2025.

Liquidity Grab Before Lift-Off?

Before any upward movement, Xoom warns that XRP may dip back to the $2 level to sweep liquidity — a common behavior before large market moves.

At present, XRP trades around $2.13, meaning a 6% drop could precede the next major price action. This liquidity zone, if reached, could serve as the springboard for the next phase.

🎯 Lofty Targets: Could XRP Reach $38?

While Xoom didn’t provide a specific price target, other analysts have gone bold. Market technician Gert van Lagen recently projected a potential XRP target of $38, citing a 7-year double-bottom formation now being retested.

That target implies a staggering 1,800% rally from the $2 support level — a bullish vision built on long-term chart structure and historical precedent.

🧠 Final Thoughts: Patience Before the Pop?

XRP has a habit of lagging before launching. And while past performance doesn’t guarantee future results, analysts watching the 2017 fractal suggest XRP’s time may be coming soon.

As always, investors are advised to DYOR (Do Your Own Research) and manage risk appropriately, especially in a market shaped by institutional interest, ETFs, and macroeconomic factors.