XRP, copying pattern just before 2017 bull run...What's the probability of a 900% surge scenario realizing?

▲ XRP/AI-generated image

XRP has replicated a technical structure similar to that just before past super bull markets, leading to the emergence of a large-scale surge scenario targeting up to $15.

According to crypto media outlet NewsBTC on April 27 (local time), virtual asset analyst Javon Marks diagnosed that XRP has broken above a long-term symmetrical triangle convergence pattern and entered a key retest zone. Marks stated, "The current sideways movement is the final consolidation phase before a major surge, and once the retest is complete, a rise of over 900% could unfold."

The core of the analysis is the measured movement pattern. XRP broke out of a multi-year triangle convergence zone at the end of 2024, and this structure resembles the pattern just before its all-time high in 2017. Based on historical data, Marks presented a primary target price of $15 for this cycle. This is an evaluation that suggests about a 10-fold upside potential compared to the current level of approximately $1.4.

Amid overall market volatility, XRP's fundamental indicators are strengthening. Increased activity on the XRP Ledger and expectations of institutional capital inflow are combining to suggest the possibility of expanded liquidity. Marks commented, "An altcoin season where XRP outperforms Bitcoin's returns could unfold." The analysis also indicates that the Relative Strength Index maintains a mid-to-long-term upward trend.

Expectations of easing legal uncertainty between Ripple and regulatory authorities are also cited as a bullish factor. Discussions on the US crypto market structure bill are progressing, improving investor sentiment and expanding the possibility of institutional funds being included in portfolios. The current correction phase is interpreted as a process of absorbing short-term profit-taking.

The completion of the retest is highlighted as a critical turning point for this cycle. With technical patterns and changes in the institutional environment aligning simultaneously, XRP is evaluated to have met the conditions for entering a long-term upward cycle.

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