Market analyst Steph is Crypto recently shared an XRP price prediction suggesting an imminent move similar to the 2017 bullish cycle. According to his technical analysis, the asset remains hovering around the 2 dollar support, preparing to define its trajectory in the short term.
In this sense, the trader highlights that current market behavior reflects a clear similarity to the XRP accumulation phase in 2017, when the token was trading at just 0.25 dollars before its explosion. Despite recent selling pressure that has prevented overcoming immediate resistances, historical patterns indicate that current consolidation could be the prelude to a massive rally if the right technical factors align.
On the other hand, it is fundamental to remember that after that accumulation phase in January 2018, the asset reached an all-time high of 3.84 dollars, delivering a massive 1,440% gain for those who bought during the consolidation stage. Currently, the price has compressed into a narrow range, generating market tension that, according to Steph’s analysis, could replicate that explosive scenario if buyers manage to regain control and break psychological barriers.
Will the current technical structure manage to invalidate selling pressure and recover 3 dollars?
From a more detailed technical perspective, the daily chart shows that XRP has formed a falling wedge over the past few months, a figure that generally precedes significant bullish reversals. If the price manages to execute a forceful breakout above 2.20 dollars, the bearish structure that has dominated recently would be completely invalidated, flipping the market script and opening the door toward new, much more ambitious price targets.
Likewise, a successful move above this key level would trigger an immediate target at the 200-day exponential moving average (EMA), located at 2.44 dollars. Reaching this goal would represent a quick 20% upside potential for positioned investors, and would serve as a springboard for a larger move toward the 3 dollar zone, thus confirming the strength of the recovery trend in the medium term.
Finally, while blockchain technology adoption continues to accelerate globally, the outlook for the Ripple token seems to align with a renewed expansion cycle. If buying momentum continues building in the coming days, the bold projection shared by analysts could start to materialize, consolidating these cryptocurrencies as high-performance assets in an increasingly competitive and dynamic market environment.
Technical analysis supports a bullish XRP price prediction if the 2.20 dollar resistance is overcome, with clear targets toward 3 dollars.
