BULLISH 📈 : Analyst flags XRP 1,992% upside as 2017-style pattern forms again
ChartNerd says XRP is repeating a multi-year setup like 2017. He sees room for a 1,992% leg if a confirmed breakout follows.
Title: ChartNerd: XRP builds multi‑year base, eyes 2017‑style expansion
Market analyst ChartNerd argues XRP is forming one of its largest structural patterns since 2020. He compares it to the pre‑2017 base ahead of a 68,000% cycle move.
He maps an ascending support that has held nearly six years. Price retests it, then runs, then corrects in descending channels. Source.
As shown on the chart, XRP did a 10x move in 2020–2021. 2022 was the bear market. A 2x rally followed the bottom and first trendline retest. Then a 6–7x push from late 2024 to mid‑2025, setting a July ATH at $3.65.
The analyst says a similar corrective phase is now building. On confirmation, he estimates a path to double‑digit prices, roughly +1,992%. Source.
“If XRP respects this pattern into late 2026, we could see the third retest before expansion.” Source.
Short term, he tracks a daily triangle. Price sits between descending resistance and ascending support. Source.
Key levels from his daily view:
- Base formed in February at $1.11
- Ascending support near $1.28
- Local move to ~$1.50, then pullback to support
Source
He notes daily RSI is oversold. He expects base‑building near support, then a retest of descending resistance. Source, Source.
Range compression has lasted 8–10 weeks. He anticipates a squeeze into the apex into mid‑May, then a directional breakout. Source.
“As long as we defend ascending support, it’s looking for a retest toward ~$1.50 in the short term.” Source.