Can XRP repeat the breakout pattern of 2017 and soon surpass the $5 level?

XRP has just completed a consolidation phase lasting 32 weeks. Therefore, it has been compared to other breakouts of XRP in 2017. Speculation that the bullish phase could extend above $5 has resurfaced as the technical indicators align. XRP Reflects the Consolidation Structure of 2017 Notably, the price of XRP has been held in a tight single consolidation range for 32 weeks, very similar to the situation in 2017 before the breakout. The current range has been built over several months, in a narrow volatility and with the support of bullish demand zones and continuous volume absorption. According to historical analysis, the price of XRP has undergone a consolidation process lasting 32 weeks similar to that in 2017, and then began a major bullish phase. Recently, Ripplesinwales posted a chart indicating this 32-week structure from 2017 and its repetition in the current structure.

In both cases, the consolidation process takes place at the peak of a triangle. This structural similarity has prompted analysts to monitor Week 33 as a potential breakout point. Confirmed Breakout from the Triangle for Many Years Moreover, another development supporting this viewpoint is that the price of XRP has broken out of the symmetrical triangle pattern that has formed since the beginning of 2021. This multi-year pattern has compressed price action between descending and ascending trend lines. According to RandomCryptoPal, the price of XRP has recently closed above the resistance line of the triangle, a move that many interpret as a confirmation of a breakout in terms of structure.

Moreover, this breakout has also occurred at an important monthly resistance area, which previously acted as a barrier during bear market phases. Breaking through both the horizontal resistance level and the downtrend line simultaneously is often a bullish technical signal. Additionally, the shared chart shows a clear exit from the structure, with further consolidation near the $2.32 level, indicating the potential for a retest and continuation of the pattern. Key Price Levels and Technical Setup to Monitor As of the time of writing, the price of XRP is trading around $2.30 and is trying to break out of important Fibonacci retracement levels. If the price remains above the breakout zone, the next important resistance level will be between $2.90 and $3.50. A breakout of this area could pave the way for a retest of the historical high above $3.80, with $5 being the next major psychological target. Another analyst, Dark Defender, has noticed that the price of XRP has been bullish across all time frames for the first time since January 2025. Such multi-timeframe convergence is often a sign of underlying bullish momentum. After that, the analyst noted the confirmation of the broader market change, especially when combined with the structural breakout and the price level maintained above the important threshold of $2.32. Growth Momentum Driven by Support from Trading Volume and Legal Clarity Meanwhile, the increasing trading volume accompanying this breakout may be a sign of broader participation. Furthermore, market sentiment regarding XRP has improved following speculation that Ripple and the SEC are in the process of resolving their legal dispute. The specific results have not yet been confirmed, but concerns about legal solutions may have driven the current movement. In addition, the trading volume model from 2023 to 2025 also shows slow growth in accumulation zones, similar to the upcoming bullish wave in 2017. If the momentum is maintained and previous levels are reached, the next target will be above $3.50. Additionally, the $5 mark is a long-term target. Continuing to strengthen the bullish outlook, recent analyses have noted that the price of XRP reached the highest quarterly closing candle in history at over $2.25, signaling the strength of the trend. Major wallet transactions totaling over $500 million, along with Ripple's application for trust bank licensing, have fueled institutional speculation. Analysts believe that XRP reaching the previous highs of the BTC or ETH pair could pave the way for a valuation of $20–30.