Crypto analyst Marmot recently expressed his belief that XRP is following the same long-term chart structure that preceded its historic 2017 rally. The analyst explained that the digital asset may be approaching another major expansion if a key technical pattern continues to hold.
Marmot pointed to what he described as an almost identical multi-year ascending support trendline that has repeatedly acted as the foundation for XRP’s price action across multiple market cycles. According to the analyst, the current setup closely resembles the conditions that existed before XRP’s dramatic rise during the 2017 bull market.
The chart attached to his post highlights two separate periods. The first shows XRP’s movement leading to the 2017 rally, while the second compares that structure with the current market cycle. Marmot emphasized that both periods feature the creation of a long-term ascending support line followed by three successful retests before a significant upward move.
Nobody is ready for what’s coming.$XRP is repeating the exact same trendline from 2017.
Right before the 60,000% explosion.
The path to the next bull run:
Phase 1: $1.10 → $0.97 → $1.80
Phase 2: $1.80 → $2.70 → $3.20
Phase 3: $3.20 → $6.50 → $13.00Once the 3rd retest… https://t.co/RtgM3kfVU9 pic.twitter.com/9VddQF6NnX
— MARMOT (@Web3Marmot) July 29, 2026
Three Retests Form the Basis of the Bullish Outlook
The chart marks the creation of the ascending support before identifying three separate retests of the trendline. In the historical example, XRP respected the support level on each occasion before entering an explosive rally.
Marmot believes the current cycle has developed in much the same way. His chart labels the first, second, and third retests on the present-day structure, suggesting that XRP is now approaching the stage in which previous price behavior transitioned into rapid upside expansion.
According to the analyst, “Nobody is ready for what’s coming,” adding that XRP is repeating the same trendline from 2017, just before what he described as the asset’s 60,000% price explosion.
He stated that once the third retest successfully holds, the expansion phase could unfold quickly.
Analyst Maps Out Three Price Phases
Alongside the chart comparison, Marmot outlined a projected path for XRP over three distinct phases.
His first phase begins with a price rally from $1.10 to $0.97 to $1.80. The second phase projects a rise from $1.80 to $2.70 and then to $3.20. Finally, the third phase anticipates XRP climbing from $3.20 to $6.50 before ultimately reaching $13.00.
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The accompanying chart also illustrates a potential continuation beyond current price levels, with highlighted areas representing periods of consolidation followed by strong upward advances. The projection suggests that each consolidation occurs after the trendline successfully acts as support, reinforcing the analyst’s view that the ascending structure remains intact.
Marmot also noted that his outlook depends on broader market conditions remaining supportive. He said that if the macroeconomic setup changes, he will revise the projection in real time.
The analyst concluded by pointing to his previous market calls, stating that he has identified every major market turning point over the past several years, including a short Bitcoin position from $111,000 in October.
While the projection represents a technical analysis rather than a guaranteed outcome, Marmot maintains that XRP’s current chart structure closely mirrors the setup that preceded its most significant rally to date.
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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