Analyst Claims XRP Mirrors Ethereum’s 2017 Pattern 20x Rally
Quick Take Summary is AI generated, newsroom reviewed. XRP is forming a price structure similar to Ethereum’s 2017 pre-explosion setup. Analyst Paul GoldEagle predicts a potential 20x surge to $60. Recent price action shows XRP consolidated between $2–$3, mirroring ETH’s 2016–2017 range. Other analysts, including EGRAG and CryptoInsightUK, have targets between $33 and $50. Regulatory developments and broader crypto momentum remain key variables.References X Post Reference
XRP comes into the limelight once again after analyst Paul GoldEagle reported that the asset is now recreating the identical structural trend that Ethereum exhibited in late 2016 and early 2017 before surging over 20x to leave Ethereum at $20 in 2016 and Ethereum at 1400 in 2017. As GoldEagle claims, the current tight banding of XRP between the 2-3 price range is akin to that of Ethereum where the asset underwent accumulation over an extended period before exploding.
GoldEagle said that the most recent upsurge in XRP when the asset gained over 600% to reach to 3.40 in January 2025 is just the tip of a far greater iceberg. According to him, the present sideways formation preconditions a similar parabolic rise, which may take XRP to the 60 rates, which is the percentage growth of Ethereum in the era of its historic run-up.
Increasing Investment Analyst Confidence to Bullish Story
The optimistic mood is not the lonely one. Recent analysis by well-known market analyst EGRAG also identified a long-term Fibonacci pattern that will place XRP with its next major target at 33,000 on the assumption that Ethereum will hit an extended target of 33,000. CryptoinightUK, another analyst, also shared the optimism, saying that XRP might rationally rise to $50 in the case Ethereum reaches $62,000 as predicted by various macro- crypto models. Several analysts indicate that this consolidation will be an accumulation zone like the one ahead of the breakout in Ethereum.
Climate and Market Structure Regulatory Still Key Factors
The future growth of XRP is to some extent conditional upon the development of the market and current regulatory practices. Although in 2023, Ripple made a significant stride in gaining legal certainty concerning the sale of secondary market, there is still uncertainty as to institutional sales and future SEC regulations.
According to market pundits, in case regulatory forces relax or are neutral, XRP would be in a very favourable position as the next macro bull leg spearheaded by Bitcoin and Ethereum. Additionally, more liquidity and institutional interest due to the global partnerships of Ripple might be the background of the robust long-term shift. Nevertheless, the meeting of technical trends, enhanced fundamentals, and the expanding buzz offers an interesting story as to the next step of the XRP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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