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Expert Sets Timeline for XRP Price Breakout Based On 2017 Fractal

XRPJunkie (@Shawnmark7899), a widely followed analyst on X, has shared a new update to his ongoing XRP price analysis using historical fractals. In his latest post, he suggests that the asset may deviate from the recent Aug–Dec 2024 fractal, but could still follow the structure seen during the 2017 bull run.

The latest chart highlights the evolving divergence between the current price and the purple overlay representing the August to December 2024 fractal. Despite this deviation, XRPJunkie remains open to the possibility that the 2017 fractal may still play out.

He explained that the 2017 fractal would mean approximately 40 more days of sideways trading before a massive breakout in late June or early July. Other experts have shared bullish targets for the digital asset in June, and XRPJunkie’s projection includes a Take Profit (TP) zone extending above $10, should the pattern repeat.

Will XRP Repeat the 2017 Fractal?

This update builds upon a prior analysis he posted on April 28, where he overlaid XRP’s May to December 2017 price action onto the current chart. At that time, he emphasized how “the current price movement is almost identical with 2017” and referenced a 208-day accumulation phase that preceded XRP’s historical breakout in late 2017.

In that analysis, XRPJunkie identified key Fibonacci retracement levels between approximately $2.68 and $3.09, highlighting a potential consolidation period before the next major upward move.

Fractals as a Tool in Long-Term Analysis

In both charts, visual emphasis was placed on historical repetition, specifically the similarities between XRP’s current structure and its 2017 trajectory. While the first includes the 2024 and 2017 fractals for comparison, the older pattern may still be the most relevant.

The new projection infers that if XRP follows the 2017 structure, a period of sideways movement is likely to continue through June, setting the stage for a sharp upward move potentially into double-digit territory.

XRPJunkie has made clear that these interpretations are speculative and not financial advice. Not everyone shares XRPJunkie’s belief that XRP will repeat the 2017 fractal, but his charts show a strong correlation between the price movements, and fractals as a technical tool continue to attract attention from market participants because of the cyclical nature of cryptocurrencies.

Whether XRP adheres to the 2017 roadmap remains uncertain. However, based on the charts provided and the timing, the coming 40 days may prove pivotal in confirming or invalidating the prediction.

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.

 

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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