TLDR
- XRP price crashed from $3.66 to $1.25 on October 10 but quickly rebounded to $2.40.
- The sharp recovery formed a technical pattern often linked to a strong bullish reversal.
- Analysts compare the current XRP price movement to its historic 2017 bull run.
- Some experts believe XRP is in a power accumulation phase supported by institutional buying.
- Speculation around a potential XRP spot ETF is contributing to positive investor sentiment.
The XRP price has experienced sharp fluctuations in recent months, sparking debate among investors and analysts. After a flash crash on October 10, XRP rebounded swiftly, reigniting comparisons to its 2017 rally. While some remain cautious, technical patterns and growing institutional interest have renewed optimism about a potential breakout.
XRP Price Recovery Sparks Bullish Market Talk
The XRP price surged to $3.66 in July 2025, reaching its highest level since early 2018. However, on October 10, it dropped rapidly to $1.25, wiping out nearly two-thirds of its value. The plunge shocked the market, but XRP quickly rebounded to $2.40 within hours.
That sharp recovery created a long wick on the daily chart, a pattern that traders associate with a capitulation bottom. This setup has led some analysts to believe XRP is mimicking its 2017 bull market structure. The rapid rebound suggests strong buying interest at lower levels.
Market analyst Ether described the current structure as a
“power accumulation phase” on social media platform X. He explained that institutional buyers might be quietly building positions in this range. “Those giving up on XRP now may regret it later,” he warned.
$XRP Same scenario, new cycle. 🔃
XRP cyclical structure is showing a striking similarity once again.
After the major rally in 2017, the price was rejected from the 2013 ATH level and then retested the 2014 ATH level, which had previously acted as resistance. After accumulating… pic.twitter.com/PBgllXBYJw
— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲 (@EtherNasyonaL) October 11, 2025
XRP Could Climb to $27, Say Analysts
In 2017, XRP experienced a 58% drop before it surged over 5,000% to an all-time high of more than $3. Analysts are observing similar movements in the current XRP price structure. The current price pattern has triggered widespread discussions across trading communities.
A large $XRP wick to the downside before euphoria has happened before in 2017, and it's happened again in 2025. The next stop is a new ATH. $2.40/$2 is the current support lifeline 🏥 https://t.co/TvF4YXFH7I
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 11, 2025
Some traders argue that the recovery from $1.25 mirrors the pre-rally phase from the 2017 cycle. If history rhymes, XRP could be preparing for a significant upward move. While projections vary, the setup shows notable similarities to past bullish cycles.
Technical analyst Chart Nerd has projected a possible rise toward $27 if a breakout occurs. He compared XRP’s multi-year consolidation to Amazon’s long flat period before its major surge. Others are forecasting a more moderate move to $10 based on institutional flows.
Analysts See XRP ETF as Gamechanger
A potential XRP ETF has added momentum to bullish predictions among market participants. Though no approval has been granted, the speculation itself is affecting sentiment. Institutional investors may find ETF access more appealing than managing crypto wallets directly.
Analysts believe that such a product could unlock billions of dollars in capital for the XRP market. It would provide regulated exposure to XRP for traditional investors and funds. This interest could change the structure of market demand for the token.
If the ETF gets approved, XRP price could see an immediate surge based on demand and scarcity. So far, discussions around the ETF have helped stabilize XRP price despite broader market volatility. Analysts say the ETF narrative is key to understanding upcoming movements.
