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Ripple’s XRP Mirrors 2017 Pattern – What’s Next?
Ripple’s XRP has firmly established itself as the third-largest cryptocurrency by market capitalization, maintaining strong momentum since its breakout in late 2024. Despite a modest 1% dip over the past 24 hours, XRP continues to trade near the $3 mark, a level that has drawn significant attention from technical analysts and traders alike.
Familiar Weekly Chart Patterns Spark 2017 and 2021 Comparisons
XRP’s recent price activity is beginning to echo its previous breakout cycles in 2017 and 2021, prompting speculation about whether another major move is on the horizon. On the weekly chart, XRP is currently consolidating near key Fibonacci retracement levels — the same zones that served as launchpads in earlier bull runs.
In both previous cycles, the token rebounded from the mid-Fibonacci range and pushed toward the upper band before undergoing a correction. The late 2024 rally to $3 marked a similar pattern completion, reviving interest in XRP’s long-term trajectory.
Adding fuel to the speculation is the Relative Strength Index (RSI), which currently sits just below 70 — a level historically associated with pre-breakout conditions. Analysts note the RSI setup closely resembles the one seen ahead of XRP’s prior surges.
Ripple’s Privacy-Focused Roadmap Targets Institutional Use
Beyond price action, Ripple is laying the groundwork for a more privacy-conscious infrastructure aimed at institutional users. In a recent update, J. Ayo Akinyele, Head of Engineering at Ripple, confirmed:
“The network will launch privacy tools in the upcoming year using zero-knowledge proofs to enable private, compliant transactions on the XRP Ledger.”
According to a statement from RippleX, the privacy upgrade will be rolled out in stages, leading up to the release of the Multi-Purpose Token (MPT) standard by 2026. This development is designed to support tokenized real-world assets (RWAs) and foster regulatory-compliant DeFi ecosystems.
Whale Activity Paints a Mixed Picture
Meanwhile, whale movement in the XRP ecosystem has raised both optimism and caution among observers. A recent alert from Whale Alert on X (formerly Twitter) reported a substantial transfer:
“18.74 million XRP, valued at approximately $55.87 million, were moved to an unknown wallet.”
Such a move may suggest accumulation, often viewed as a bullish signal. However, CryptoQuant data tells a more nuanced story. Over the past three months, analysts have observed significant capital outflows from large holders, hinting at growing caution among whales despite the broader bullish sentiment.
