XRP has been moving in a narrow band between $1.90 and $2.90 for about 200 days, and this consolidation period has divided analysts. Some argue that based on a fractal structure similar to the price movements in 2017, XRP could target $10 or even higher, while others point to the emerging reverse cup and handle formation, indicating that the price could decline to $1.33.

The XRP/USD pair has been trading sideways after a remarkable rise of about 500% in November 2024 and has made multiple attempts to break out of this range. This indicates that uncertainty and indecisiveness persist in the market, with neither bulls nor bears gaining a clear advantage. Despite this, most analysts agree that XRP will break upwards from this resistance area.

2017 Fractal and Bullish Expectations

Crypto analyst Mikybull Crypto states that XRP's approximately 200-day consolidation exhibits a structure similar to the symmetrical triangle formation that emerged prior to a strong rally in 2017. The analyst notes that this structure bears significant similarities to the chart during the period when XRP reached $3.40 with a 1,300% rally. Symmetrical triangles are generally considered neutral formations that pave the way for sharp upward or downward movements.

Another analyst, XRPunkie, predicts that this triangle will result in an 'epic breakout' above $4. Based on the projection from the peak of the formation, the breakout target for XRP, based on a similar structure from 2017, is found to be around $3.70; this indicates a 75% increase compared to current prices.

Analyst GalaxyBTC points to a long-term remarkable fractal structure in XRP's weekly chart. Accordingly, XRP may only repeat the breakout it experienced in 2017 after a prolonged consolidation. The chart shared on May 20 shows that XRP has broken its multi-year descending trend line and retested this point; this structure resembles the consolidation period from 2014 to 2017.

The consolidation at that time lasted about 1,267 days and increased the price of XRP by 1,300% to $3.40. The current consolidation has lasted nearly seven years (2,470 days), which may indicate a much larger movement.

If XRP performs a breakout similar to the rally in 2017, it is expected that starting from the last breakout point of $0.63, the target price could be between $8 and $10 with a 1,300% increase. In more ambitious projections, considering Fibonacci levels and ETF scenarios, it is suggested that XRP could rise to the $25-27 level.

Reverse Cup and Handle and Possible Bearish Scenario

A reverse cup and handle formation has started to emerge in XRP's long-term price movements. This formation is generally interpreted as a bearish signal. After peaking at $2.90 in March, a slow decline in price and a dip below the short-term support level have been observed.

If this formation is confirmed, it is predicted that XRP could experience a drop to approximately $1.33, which was the 0.382 Fibonacci retracement level that acted as resistance in 2021.

In summary, XRP's recent movements have led to two different views among analysts: both strong bullish expectations and cautious bearish scenarios. The market is waiting to decide the direction of exit from this critical range.

PLEASE READ CAREFULLY FOR A $10 GIFT FOR 170 PEOPLE.

Friends who have not yet activated the futures section will earn $10 by entering my reference code 88623008 when they activate the futures section. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

My brothers who registered on Binance without a referral, please listen carefully;

When you do what I said in order, you will earn 10 USDT.

Enter the Futures section from your application,

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.

Brothers who want to receive a 10 USDT reward by completing this transaction by April 10 can do so. After this, you will only need to have a trading volume of $30 after activating your account. However, even if you do this transaction after April 10, your reward will not be received. Therefore, I recommend you handle it within 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO CLAIM YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, you know that as publishers, we do everything we can for you. We communicate the services and opportunities provided to us by our authorities to you. I have never held back my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First, those of you who have not opened a futures account need to activate this account with a short transaction. I will explain how to activate it in detail and simply.

So who can benefit?

Friends who have not yet activated the futures section can activate it by entering my reference code 88623008 when opening the FUTURES section. It is an easy process. I have shown where it is below.