TL;DR
XRP breaks out of multi-year triangle, mirroring 2017 pattern with strong price momentum.
Whale transfers and surging volume add speculation amid XRP’s sustained move above key levels.
Analyst Javon Marks sees a potential 251% rally with a target of $9.63 or beyond.
XRP Shows Strong Momentum Above 2017 High
Ripple (XRP) was trading at $2.58 at press time, up 6.56% in the last 24 hours and 15.15% over the past week. Trading volume has also climbed to $5.87 billion, up 28.20% from the previous day, indicating a rise in market activity.
Chart analysis confirms a breakout from a large multi-year symmetrical triangle that formed between 2018 and 2024. This pattern resembles XRP’s 2017 structure, where a sharp impulse move was followed by a period of consolidation, then another leg higher. If the pattern repeats, a second breakout move may be underway.
Source: TradingView
Interestingly, the pattern shows XRP closely tracking its historical trend. After breaking out of the macro
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