Ripple (XRP) Price Analysis: 2017 Breakout Pattern Reappears, Will It Soon Exceed $5?

Ripple (XRP) price has just completed a 32-week consolidation period, and analysts believe this pattern is related to the strong breakout of 2017. As the technical indicators gradually tilt upward, the market has rekindled expectations for XRP to break through the $5 mark.

It is worth noting that the price of XRP has remained within a single consolidation area for the past 32 weeks—this structure is very similar to the situation before the breakout in 2017. The current accumulation area has formed for several months, with low volatility, supported by an increasing demand area and stable absorption of trading volume.

According to historical analysis, the XRP price also experienced a 32-week consolidation period in 2017, before starting a strong bull market.

Recently, a chart released by Ripplesinwales shows that the same 32-week structure from 2017 is repeating in the current pattern.

Both price increases have shown consolidation at the top of the triangular shape. This structural similarity has led analysts to view week 33 as a potential breakout point.

(Source: Ripplesinwhales)

XRP Confirms Breakthrough of Multi-Year Triangle Pattern

In addition to the emotions mentioned above, there is another important development: the price of XRP has just broken through the symmetrical triangle pattern that has formed since the beginning of 2021. This multi-year pattern has compressed the price movement within the range between the descending and ascending trend lines.

According to RandomCryptoPal, the XRP price recently closed above the triangular resistance line—many believe that this trend confirms a structural breakout.

In addition, this breakout occurred above a strong resistance area on the monthly chart—this area has previously served as a limit during past bear markets. At the same time, breaking through horizontal resistance levels and downward trend lines is usually considered a strong bullish technical indicator.

In addition, the shared chart shows a clear breakout from the triangle pattern, while a new consolidation has appeared near the $2.32 price area - this suggests a possible retest and continuation of the pattern formation.

(Source: RandomCryptoPal)

Key Price Levels and Technical Setup to Watch

As of the writing of this article, the trading price of XRP is approximately $2.30 and is attempting to break through the key Fibonacci retracement level. If the price holds above the breakout area, the next resistance level will be between $2.9 and $3.50.

If it breaks through that area, it may pave the way for a retest of the historical high above $3.8 - $5 is the next important psychological target.

Analyst Dark Defender pointed out that the XRP price is currently in an upward trend across all time frames, marking the first time since January 2025. The converging upward trend across multiple time frames usually indicates that bullish momentum is forming from within.

Analysts also pointed out that this could be a confirmation signal of a broader trend change in the market, especially when a structural breakout occurs and prices stabilize above key levels such as $2.32.

Trading volume and clear regulatory messaging support upward momentum

At the same time, the growth in trading volume accompanying the breakthrough indicates that broader market participation may be on the horizon. Moreover, due to rumors that Ripple and the U.S. Securities and Exchange Commission (SEC) are negotiating a settlement over the protracted lawsuit, investor sentiment towards XRP has also improved.

Although the specific results have yet to be determined, expectations of a legal settlement may have driven the current rise of XRP.

In addition, the trading volume pattern from 2023 to 2025 also shows a slow accumulation in the lower price range – similar to the accumulation before the surge in 2017. If the current momentum is maintained and previous price levels are broken, the next target area will be above $3.5. Additionally, $5 is considered a long-term target.

Recent analysis shows that XRP's historical quarterly closing price is above $2.25, indicating a strong trend that further supports a bullish outlook. In addition, large transactions from whale wallets totaling over $500 million, coupled with Ripple's application for a trust bank license, have sparked speculation among institutional investors.

Some analysts also believe that if XRP returns to its previous highs against BTC or ETH, it could pave the way for a valuation range of $20 to $30.