HomeCryptocurrencyBitcoin Investor Says XRP Is Getting Ready for A Massive Surge. Here's...

Bitcoin Investor Says XRP Is Getting Ready for A Massive Surge. Here’s why

Crypto analyst Bitcoin Boy (@btcbox123) has shared a long-term XRP chart that draws a direct comparison between current price action and the setup that preceded the 2017 rally. His analysis suggests that has been here before, and the next move could be significant.

A Pattern From the Past

In 2016, XRP traded below a descending resistance trendline for an extended period. The price struggled before it broke above that trendline. What followed was a 306-day rally spanning 10 monthly bars that sent XRP to levels most traders had not anticipated.

The current structure mirrors that period. XRP is once again testing a downward-sloping trendline from below. The digital asset’s price has faced resistance and pulled back recently, but it remains close to that trendline. Bitcoin Boy sees the proximity as significant. “XRP is getting ready for a massive surge,” he wrote, adding, “Am I the only one who sees it that way?”

The chart places both setups side by side across a decade of price history. It highlights how similar the structure looks before a potential breakout. If history repeats for XRP, the asset could hit another all-time high soon.

The Target

If XRP breaks above the current trendline and the move carries a similar duration to 2017, the chart puts $14.52 as the key resistance level and price target. That figure sits on a horizontal line drawn across the chart’s upper range, and would be XRP’s first foray into double-digit territory.

The descending trendline in both cases acted as a ceiling that XRP repeatedly failed to clear before eventually breaking through. That is the moment Bitcoin Boy believes is approaching again. At XRP’s current price of $1.05, reaching that level would represent a move of roughly 1,283%.

What Comes Next?

The breakout has not happened yet. XRP is still below the trendline. Bitcoin Boy’s analysis rests on the idea that the structure is in place and the conditions are aligning. A confirmed break above the descending resistance would be the trigger.

The 2017 breakout lasted 306 days. If history repeats, the clock would start from that confirmed break. The chart is not guaranteeing a perfect repeat of the 2017 rally, but many analysts have pointed out that history often rhymes in the crypto market. If that happens, XRP could hit double digits very quickly.

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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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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