XRP 2017 Encore? Analyst Promises Bold Rally Repeats

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In the drawing-room of finance, where every promise is a mask and every ticker a trumpet, a certain sage of the markets-Monsieur ChartNerd-rises with a flourish to declare that XRP is weaving a most remarkable, multi-year tapestry, one that might awaken a rally fit to echo the grand theatre of 2017, when fortune strutted about in full masquerade.

XRP Seeks a 2017-Style Encore

On a recent day, the observer, with the gravity of a tragedian, avers that XRP seems to repeat a scene far more expansive than the 2017 pre-breakout affair, which at the time unleashed a prodigious performance of 68,000 percent-a spectacle that would make any ledger blush.

In a video, the analyst explains that the altcoin has labored since 2020, when the price found its bear-market bottom and raised an ascending support level that has held firm for nearly six long years-a staircase of patience, if you will, guarded by the watchful eye of the market.

Since that rise, XRP has played the role of its own past, resembling the pre-2017 script: bold advances after testing the ascending support, followed by sharp retreats within descending channels, as if the plot itself enjoys a gallant misstep.

As the chart displays, the altcoin executed a tenfold ascent between 2020 and 2021, endured the bear’s curtain in 2022, bottomed, and then achieved another 2x rally before retracing the trendline for the first time. The price then surged yet another six to seven times between late 2024 and mid-2025, crowning the scene with an all-time high of $3.65 in July.

Now, the drama develops a pattern of correction reminiscent of the prior two retests of the ascending support, which could herald a 1,992% rally toward a double-digit target upon confirmation.

“If XRP honors this pattern into late 2026, we may well witness the third retest, just as in the early cycles before the expansion of 2017,” the analyst asserts, pacing the stage with the confidence of a man who has counted his stars and found them profitable.

He adds, with the flourish of a vaudeville wit, that “if we are repeating this long, multi-year cycle, only on a larger stage, this could be one of the grandest structural epochs where XRP builds a base and awaits the leg up.”

Consolidation Until Late May?

ChartNerd, with a smile that implies both prophecy and a tax receipt, offers a shorter prophecy based on the last eleven weeks. He notes that on the daily chart the coin remains perched between a stern descending resistance and a friendly ascending support, crafting a triangle as if to beg the audience for suspense.

“So, you see, since we formed the base back here in February, we descended to $1.11, forged the resistance, which came back to form this ascending level of support roughly at $1.28. Then we’ve seen this break up to about $1.50, and we’ve now pulled back to the support line once again.”

Considering this, along with RSI readings oversold on the daily frame, the sage believes XRP may be constructing a base near the ascending support before attempting a retest of the descending resistance.

Nevertheless, he observes that “because we’re converging in this range and it’s been eight, nine, perhaps ten weeks of range-bound action, it is likely that we continue this compression” until the apex of the pattern yields a directional breakout around mid-May.

Ultimately, the market observer suggests that “as long as we respect the trend line and defend the ascending support, a retest toward roughly $1.50 in the short term seems likely.”

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2026-05-01 09:06