XRP's market history typically shows a pattern of experiencing a long consolidation phase followed by a significant breakout. In 2017, the token had the most notable surge, climbing from less than a cent to several dollars in a matter of months. The same consolidation and expansion pattern is being tested in the current market cycle.
Cryptocurrency analyst Steph Is Crypto (@Steph_iscrypto) recently showcased a chart comparing the breakout of XRP in 2017 with the price structure in 2025.
Side-by-side comparison highlights the structural similarities between the two periods. Both exhibit a clear Elliott Wave pattern, with the consolidation phase forming a symmetrical triangle structure, ultimately leading to an upward trend.
Compare the two cycles
The chart from 2017 shows that XRP experienced a series of fluctuations and eventually entered a triangular formation around mid-2017. Once this formation was established, the token surged to $3.36, reaching its highest valuation at that time. The monthly chart of this cycle displayed five distinct fluctuations, ultimately ending in a sharp vertical ascent.
The current 2025 chart reflects nearly the same situation. XRP has completed three waves of upward movement, starting in mid-2024. The asset completed its third wave in January, soaring over 500%, and entered a consolidation phase, marking the beginning of the fourth wave and the symmetrical triangle that facilitated the 2017 surge.
According to the chart comparison, XRP has now entered its fifth wave. The asset initiated the fifth wave rally in July when it broke through the symmetrical triangle and reached a historic high of $3.65. The similarity between the two rally phases suggests that XRP's upward trend is not yet over. Although its momentum appears to have slowed, Steph's analysis indicates that this rally may ultimately reach double-digit targets.
Latest target for XRP breakout
According to the projected path shown in the 2025 chart, XRP's target price may be significantly higher than its recent trading range. The green forecast box in the chart highlights a region above $10, with an upper limit close to $12. This suggests that XRP's price could multiply several times from its current level of just above $3.
The structural symmetry between the two cycles supports the view that XRP may follow a similar trajectory. While no chart pattern can guarantee identical results, the configuration in 2017 and 2025 is similar, giving technical analysts reason to consider higher targets upon a breakout.
