Peter Smith
XRP shows classic breakout signals after pulling back from $3.85 resistance. The cryptocurrency is now forming the same bullish pattern that triggered its legendary 2017 rally, setting up what could be the next parabolic move toward double-digit prices.
XRP Price Tests Critical Resistance Zone
XRP has just wrapped up a crucial test of its previous all-time high around $3.85, and what happened next has traders buzzing with excitement. The cryptocurrency has pulled back in what appears to be textbook market behavior – the kind of setup that seasoned crypto investors have learned to watch for.
Currently trading at $3.03, XRP's recent price action is painting a picture that looks remarkably familiar to anyone who witnessed the 2017 crypto boom. Back then, XRP went through a similar dance with resistance before absolutely exploding to the upside.
The pullback from $3.85 isn't scaring off the bulls. Instead, many traders are viewing this as exactly the kind of healthy consolidation that often precedes major breakouts. It's like the market is taking a deep breath before the next big move.
XRP Price Structure Mirrors 2017 Breakout Pattern
Here's where things get really interesting. According to recent analysis shared on X, XRP's current price structure is mirroring almost perfectly what happened back in 2017 before the coin went absolutely parabolic. We're talking about the same resistance retest, the same pullback pattern, and now potentially the same explosive setup.
The technical picture for XRP remains rock-solid bullish despite the short-term dip. If history has anything to teach us, a clean break above that $3.85 level could unleash something spectacular. Traders who've been around the block are already positioning for what could be the next leg up.
The magic number everyone's watching? A sustained move above $3.85 could open the floodgates to double-digit territory. Some analysts are throwing around price targets well above $10, and given XRP's history of parabolic moves, that's not as crazy as it might sound to newcomers.
Peter Smith
