XRP Could Be on the Verge of a Historic Breakout

According to crypto analyst Dark Defender, XRP is forecasted to experience an ambitious 12,021% price rally. In a recent post, he compared XRP’s current price structure to its 2017 cycle, suggesting that it may follow a similar trajectory that led to its all-time high.

Key Historical Structure Resurfacing

A chart shared by Dark Defender highlights two major consolidation patterns—one from 2014 to 2017 and another from 2020 to 2024. Both patterns reveal a triangular formation with Fibonacci retracements, followed by a strong breakout.

Dark Defender noted that the volume during the current cycle is approximately four times higher than in 2017, indicating increased market activity and stronger upside momentum potential.

In 2017, XRP’s breakout from its accumulation phase resulted in an explosive price jump from fractions of a cent to an all-time high of $3.84 by January 2018. Dark Defender’s chart shows XRP spent 42 months (or 1,280 days) consolidating with a volume of 28.54 million before breaking out in 2017. In contrast, the current consolidation phase has lasted 51 months (or 1,553 days) with volume surging to 110.97 billion, suggesting significantly higher market participation this cycle.

XRP Road to a 12,021% Surge

The ongoing breakout phase began in late 2024, with XRP potentially rallying near its 2018 peak by January 2025. Currently, XRP is in a mini consolidation phase similar to previous cycles. In the last cycle, XRP experienced a giant uptrend for three months before a six-month consolidation, leading to another major breakout that drove the price to the peak. In the present cycle, XRP saw one giant monthly green candle but has been consolidating for four months.

Dark Defender projects that if 2025 fully repeats, the next rally could push XRP significantly higher, with projections reaching as much as $280 in the long-term scenario. As of now, XRP is trading at $2.31, which would represent a 12,021% surge from current levels if it reaches $280.

Caution on XRP Outlook

Despite the promising technical setup, Dark Defender cautioned that these targets are speculative and not financial advice. Additionally, some market commentators argue that RXR’s 2017 chart patterns may no longer be relevant for projecting future movements, suggesting that current structures have deviated from the historic 2017 trend.