TLDR
- XRP holders are seeing similarities between the current market structure and the 2017 bull run.
- Chartist Papa highlights a sharp 58–70% correction followed by a potential parabolic rally for XRP.
- Technical patterns suggest that XRP’s retracement near $2 could set the stage for a major breakout.
- Market pundit Amonyx believes the incoming wave for XRP is inevitable, supporting growing optimism.
- Analysts note that XRP is showing signs of increased accumulation and growing investor confidence.
XRP holders are witnessing a surge of optimism as analysts predict a potential repeat of the asset’s explosive 2017 bull run. Many traders are drawing parallels between XRP’s current price action and its 2017 performance, which saw a dramatic surge to over $3.80. With technical patterns exhibiting striking similarities, market experts anticipate a potential breakout in the near future.
XRP’s Current Market Structure Resembling 2017 Bull Run
Traders are increasingly comparing XRP’s current market setup to its 2017 rally. Chartist Papa (@mamagucci) pointed out similarities in price action, noting a sharp 58–70% correction followed by a parabolic fifth-wave rally. He stated that XRP’s price movement appears to mirror its previous pattern, suggesting another significant upward surge. According to Papa’s analysis, XRP’s current structure is following a similar Elliott Wave pattern that preceded the 2017 bull run.
The resemblance is drawing attention, as many traders recall XRP’s strong rally from a prolonged period of consolidation. In 2017, XRP saw a steep correction before initiating a sharp upward move, and now, the asset’s current retracement near $2 could set the stage for another breakout. XRP’s performance at this stage has traders excited, as technical patterns suggest a potential for significant growth in the coming weeks.
The chart shared by Papa has gained traction within the XRP community. Analysts are revisiting the idea that XRP may be poised for another breakout, especially after its recent consolidation phase. As XRP hovers between $2.39 and $2.45, technical indicators show increased accumulation and investor confidence, setting the stage for an upward move.
Market Analysts Predict XRP’s Bullish Continuation
Prominent market pundit Amonyx has echoed the sentiment expressed by Papa, further fueling the excitement surrounding XRP. He shared Papa’s chart on social media and remarked that the “incoming wave is inevitable.” His statement emphasized the belief that XRP is poised for a significant bullish continuation, following the cyclical patterns that have been observed over the years.
THE INCOMING WAVE IS INEVITABLE #XRP https://t.co/c3td5R6xWE
— Amonyx (@amonbuy) October 24, 2025
Amonyx’s prediction aligns with the broader market consensus, which suggests that XRP is primed for institutional accumulation. The removal of regulatory uncertainties has only strengthened this outlook. Many believe that with growing investor confidence, XRP is poised for another strong rally, similar to its performance in 2017. As the market gears up for a potential breakout, all eyes are on XRP’s next move.
With XRP’s recent price action showing strong signs of accumulation and growing long exposure in derivatives, the stage appears set for a breakout. If the historical fractal holds, XRP could enter its most aggressive impulse phase yet, making a surge reminiscent of 2017.
