XRP could be setting up for a major advance if a chart pattern highlighted by Tom (@Tom0nChain) plays out as expected. He believes the current market structure resembles XRP’s 2017 setup, claiming that a move toward double digits is in play.
In a recent post, Tom stated that the $15-$18 range is in play and described the target as approximately 1,100% from current levels. He also argued that the market is following the “same playbook as 2017,” while noting that current conditions include legal clarity and accelerating institutional adoption.
$15 – $18 $XRP is in play 👀
This would be a 1100% increase.
Exact same playbook as 2017 🎯But 2017 was hype with no fundamentals.
This cycle has:→ Legal clarity (Clarity Act)
→ Institutional adoption accelerating at unprecedented speedsHistory rhymes. Except this time… https://t.co/NwKsLa2X0F pic.twitter.com/YDNs0SBK2U
— Tom (@Tom0nChain) June 8, 2026
Chart Points to Another False Breakdown
The chart compares two major XRP consolidation patterns. On the left side, XRP formed a large symmetrical triangle after an earlier rally. Its price briefly moved below the lower trendline labelled “False Breakdown.” That move quickly reversed and led to a powerful breakout that sent XRP significantly higher in 2017.
Notably, XRP experienced a brief consolidation phase within that climb before reaching its peak. Tom’s chart suggests XRP has now completed a very similar sequence. The false breakdown occurred in 2024 before XRP’s sharp upward move.
Following the breakout, XRP entered another consolidation phase, and this has lasted for over a year. The analyst highlighted the end of this phase with a falling wedge, showing XRP near the apex of this formation.
Why the $15-$18 Target Remains in Focus
The comparison relies primarily on market structure rather than short-term price movements. In both cases, XRP spent an extended period consolidating before shaking out traders with a breakdown. The recovery from that breakdown became the catalyst for a strong advance.
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Tom’s projection suggests the current move below support may have completed that process. The chart then shows a breakout phase followed by a rapid climb into the highlighted target zone. At current levels near $1.17, a move to $15 would represent a gain of more than 1,100%, while a rise to $18 would push returns even higher.
Benefits of the Current Market
Tom argued that this cycle differs from 2017 because it combines a similar technical setup with stronger fundamentals. He cited legal clarity through the CLARITY Act and the rapid acceleration of institutional adoption as key factors behind his outlook.
Clearer regulatory rules and growing institutional involvement across payments, custody, tokenization, and blockchain-based financial services continue to strengthen interest in the digital asset sector. These catalysts did not exist during prior advances and have improved the bullish sentiment in the current market.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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