"They said it was a dead coin"...XRP market stirs with a frenzied surge pattern from 2017

▲ XRP/ChatGPT generated image

Analysis suggests that XRP is showing a chart structure similar to that just before the 2017 bull market, drawing market attention back to XRP. With claims that XRP, which has been on a downward trend for several months, is repeating patterns seen before past surges, debate is growing in the market regarding the possibility of a trend reversal.

NewsBTC reported on May 6 that market analyst Cryptocupra (@Cryptocupra), active on X (formerly Twitter), compared XRP's price movement to the 2017 cycle, suggesting a strong possibility of an uptrend. In a video analysis published on May 4, Cryptocupra explained that XRP is showing the same chart structure that appeared before its historic bull run in 2017.

According to Cryptocupra, in 2017, XRP traded at around $0.006 before breaking above a descending triangle pattern and continuing its bullish trend. Subsequently, XRP surpassed $3.84 in 2018, reaching an all-time high. At that time, XRP showed a downward trend for several months within a narrow triangle range, then rapidly shifted to an upward trend after the breakout.

Cryptocupra analyzed that the same descending triangle pattern appeared in the 2026 cycle. XRP turned bearish after surpassing $3.5 in 2025, then formed a descending triangle structure amidst a bearish trend. While other cryptocurrencies were rising, XRP consistently showed a downward trend, lagging behind the market.

Cryptocupra argued that if XRP successfully breaks upward in the same manner as in 2017, a strong uptrend could emerge. He analyzed that only the final shakeout period remains before a full trend reversal, after which XRP's price could enter an explosive upward phase.

In a separate analysis, market expert Crypto Patel stated that the possibility of XRP rising to $10-$20 is still open. Crypto Patel mentioned that while market participants called XRP a dead coin in 2023, XRP had previously jumped from $0.006 in 2017 to over $3 in 2018. He also presented the case where XRP surged from $0.50 in November 2024 to over $2.60 in just 30 days.

Crypto Patel suggested the key accumulation zone for XRP is between $0.70 and $1.10. He cited the XRP network being 1,000 times faster than Bitcoin (BTC), 99% cheaper than Ethereum (ETH), and already being utilized by global banks as reasons for his bullish outlook. All analyses cited by NewsBTC focused on XRP showing technical structures similar to past bull markets.

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