XRP follows the 2017 trend with 3 3-month cooldown at 20-EMA support. Technical analyst ChartNerd projects a possible 10x rally in the future because of historical setups.
XRP draws attention when technical trends of 2017 re-emerge. The cryptocurrency is trading at about 2.20 after a massive recovery. Market observers indicate that it is similar to the price behavior before the previous major rally.
ChartNerd on X suggested that XRP imitates an essential arrangement. The technical analyst singles out a three-month period of consolidation. This pullback resembles the action prior to the breakout in 2017.
History Repeating: The 2017 Blueprint Returns
ChartNerd provided an in-depth analysis of the X platform. The analyst cites the 2017 euphoric run of XRP. That explosive move was preceded by a three-month cooldown.
The token was able to retest its 3-month 20-EMA support. A huge 25x rally was then triggered by price activity. The historic XRP bull run was characterized by that trend.
Fast forward to 2025. XRP shows the same technical performance. Last year, there was a massive breakout of the cryptocurrency. Here comes a period of three months of consolidation.
Source -ChartNerd X
The 3-month 20 EMA has a value of 1.20 at the moment. This level is a significant support for bulls. ChartNerd highlights that this is a threshold that identifies trend validity.
XRP is trading at about 2.18. The token recovered 22 percent of its recent lows. Bulls sustain dominance above important support areas.
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Critical Support Level Defines Bullish Structure
The invalidation criteria that ChartNerd described were through X. The bullish case presupposes XRP above 1.20. The potential is neutralized by a close under the 3-month 20-EMA.
Until then, the bulls still have a structural advantage. The analyst estimates at least an upside of 10x. Such a projection marks one half of the 2017 movement.
The market players pay attention to the 1.2 mark. This make-or-break is this support zone. Technical integrity relies on the fact of holding a position above the EMA.
ChartNerd admits that there is a lower high in 2021. The analyst relates this to factors. The 2017 monthly closes resistance of seven years is relevant. Price action was also affected by the SEC case suppression.
XRP is 40 percent lower than at all-time high. This peak of $3.66 was reached earlier this year. The next leg up can be in advance of the present consolidation.
The trends in the past are very promising. The 2017 arrangement produced phenomenal returns. Such a state of affairs now comes true for XRP.
The traders keep a close eye on technical indicators. The 3-month 20-EMA is very important. The direction is determined by price behavior around this level.
The analysis by ChartNerd creates a resurgence of interest. The technical structure provides definite parameters. Bullseye potential 10x forward.
The price movement of XRP is patterned. The cryptocurrency fits in the same support levels. Above 1.20, the market structure is maintained.
Technical analysis gives a historical background. The expectations of the present were influenced by the past performance. The 2017 playbook provides a roadmap forward.
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Source: https://www.livebitcoinnews.com/xrp-news-xrp-set-for-10x-rally-2017-pattern-repeats/
