XRP has seen renewed interest in the cryptocurrency community, with analysts debating its price potential amid ongoing market developments. One such analyst, The Great Mattsby (@matthughes13) on X, shared insights on the token’s potential trajectory based on historical market behavior.
In a recent post, Mattsby highlighted XRP’s current price action relative to its historical fractal patterns from 2017. The accompanying chart shows XRP trading at $2.40, reflecting a significant 15.28% daily increase.
Mattsby noted, “So far, XRP is following the 2017 fractal nicely. If it continues to play out, the next target will be the angle above around $16… and then $100?”
So far $XRP is following the 2017 fractal nicely. If continues to play out the the next target will be the angle above around $16….. and then $100?? Even the fractal is following market symmetry perfectly pic.twitter.com/DM8kRrqynj
— The Great Mattsby (@matthughes13) January 2, 2025
The XRP 2017 Fractal and Market Symmetry
The analyst’s observations center around XRP’s tendency to follow market fractals. These recurring patterns suggest future price targets based on historical data. The 2017 bull run saw XRP achieve exponential gains from sub-$0.01 to an all-time high of $3.84.
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The current fractal being followed suggests symmetry in XRP’s price movements, potentially leading to significant upward momentum. The chart highlights potential resistance at approximately $16, a level other analysts have previously predicted. Following this, the analyst speculates on whether XRP could breach the $100 mark in a longer-term bull cycle.
The notion of fractals playing out is not unique to XRP. In technical analysis, fractals identify repeating market behavior under similar conditions. However, while historical patterns can offer insight, they do not guarantee future performance due to varying market fundamentals.
Where Is XRP Going Next?
If the fractal remains consistent, XRP could soon test the $16 price level. This price is derived from the convergence of a key upward angle on the chart. The next potential milestone, $100, would require a continuation of the pattern, likely driven by broader market dynamics such as increased adoption.
The current price movement aligns with positive sentiment following Ripple’s remarkable performance in late 2024 and Donald Trump’s victory in the U.S. presidential election.
The $100 target is lofty as XRP is still below $2.5. However, many investors have expressed their desire to exit their positions at the $100 level, showing confidence from community members that the digital asset can reach this level in the current cycle.
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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