Crypto analyst EtherNasyonaL suggested today on X that XRP’s current market structure closely resembles its 2017 pre-rally formation, hinting at the possibility of a major breakout in the near term.
According to the analysis, XRP’s price action has been consolidating within a long-term symmetrical pattern similar to the one observed before its explosive surge in 2017. This resemblance, combined with current trading behavior and volume dynamics, has sparked renewed interest among traders anticipating a potential upside move. While XRP has remained relatively stable in recent weeks, technical analysts believe the asset might be preparing for a shift in momentum if historical patterns repeat.
Market participants are now closely watching XRP’s next resistance levels, as a confirmed breakout could signal a return to bullish territory. However, analysts also note that confirmation would require sustained trading volume and broader market support. XRP’s next moves could determine whether this structural similarity translates into significant price action or remains a technical anomaly.
Source: EtherNasyonaL on X
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
