The cryptocurrency market has evolved significantly since 2017, and many analysts believe that historical price patterns from that era are no longer relevant.
Dom (@traderview2), a crypto expert on X, recently shared his perspective on this topic with a chart comparing XRP’s past and present price action. According to him, the 2017 fractal has broken, marking a shift into a new market structure.
In my opinion, 2017 is now irrelevant
I see many trying to pinpoint comparison to 2017 still, I think it's a waste of time
The fractal has broken. We are in a new era and game now…
Sometime the rear view helps, but not anymore IMO pic.twitter.com/03ePoONaNV
— Dom (@traderview2) February 4, 2025
Why 2017 Comparisons May No Longer Apply to XRP
In the past, traders often looked at historical cycles to predict future price movements. XRP’s 2017 bull run saw a dramatic increase in value, culminating in its all-time high of $3.84 in early 2018. Since then, many analysts have compared this run, predicting that XRP can repeat its performance.
However, market conditions, investor behavior, and macroeconomic factors have all changed significantly since then. Dom suggests that comparing XRP’s current price action to 2017 is “a waste of time” because the fractal has broken.
A fractal in trading refers to a repeating price pattern seen in different timeframes. The fractal structure that guided XRP’s 2017 movement has failed. This indicates that the price action is forming a new pattern rather than following historical trends.
XRP was still following the fractal pattern in early 2025, but Dom shared a chart showing the fractal break in mid-January. This break suggests that relying on old market cycles may lead to inaccurate predictions.
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The New Era for XRP
With the fractal broken, XRP is now in a new phase that requires fresh analysis. The cryptocurrency market has matured, and factors such as regulatory developments, institutional involvement, and technological advancements all play a role in shaping price trends.
Rather than looking past cycles, traders may need to focus on new technical indicators, market sentiment, and fundamental developments affecting XRP.
For traders, this shift means strategies based on 2017 price action may no longer be effective. A different approach is needed, focusing on real-time data rather than historical comparisons as XRP charts its new course.
One prominent analyst recently drew attention to an Elliott Wave pattern on XRP’s chart which he has tracked since 2023. With the fractal broken, patterns like this could hold greater influence over XRP’s trajectory, and the analysis suggests the asset could climb as high as $18.22.
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 urged to do in-depth 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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