XRP has garnered significant attention as analysts observe patterns reminiscent of its 2017-2018 price surge.
JackTheRippler (@RippleXrpie), a prominent crypto figure on X, recently shared a chart from Steph Is Crypto (@Steph_iscrypto), another well-known crypto analyst. The chat shows similarities in price action, suggesting that XRP may be on the verge of a major parabolic movement.
XRP reached an all-time high of $3.84 in January 2018, driven by a series of rapid price increases in 2017. During the period outlined by Steph, XRP climbed from approximately $0.04 to $3.84, marking an extraordinary 9,500% gain.
This surge was divided into stages. The initial phase, a 200% rise from $0.04 to $0.12, set the stage for subsequent exponential growth.
History will repeat itself! #XRP just getting started and a major parabolic pump is coming anytime! pic.twitter.com/OKnxeGQjIe
— JackTheRippler ©️ (@RippleXrpie) January 3, 2025
Is Another 9,500% Surge Coming?
Recent activity in 2024 has drawn comparisons to this historical performance. In December 2024, XRP rose from around $1 to $2.86, reflecting an increase of approximately 186%.
This figure closely aligns with the 200% surge observed during the initial phase of the 2017 rally. Based on these trends, Steph’s chart suggests that XRP has completed the first stage of a potential new parabolic movement.
Applying the historical 9,500% growth rate to XRP’s current base of $1 suggests a potential future peak of $96. This would place XRP close to the $100 level, and a recent community poll showed that most token holders plan to exit their positions at $100.
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While this projection is ambitious, it reflects the overwhelmingly bullish sentiment in the XRP community for 2025. JackTheRippler emphasized the significance of this historical analysis, stating that “history will repeat itself” and highlighting XRP’s potential for exponential growth.
Despite the optimistic projections, it is essential to acknowledge the risks associated with cryptocurrency investments. The market is volatile, and past performance does not guarantee future results.
Regulatory scrutiny, particularly in the U.S., continues to be a key factor impacting XRP’s price. However, this scrutiny could soon end, and the new presidential administration led by Donald Trump and featuring his pro-crypto SEC Chair Paul Atkins could settle the legal battles against Ripple and other crypto companies.
This would end the war on crypto and usher in a new age of crypto regulation and growth. The possible effects of Trump taking office as President were recently referenced in Ripple’s escrow release, and the community is excited about the digital asset’s potential trajectory this year.
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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