XRP Price Mirrors 2017 Run; Could This Lead to a 2,900% Surge?

Despite surging from under $1 to beyond $3, Ripple (XRP) has emerged as one of the best-performing assets of 2024 and 2025. Even after rallying to such massive levels, XRP price is above $3 even as many altcoins have shed 50% to 90% since their ATHs or Q4 2024 highs. Due to its strong performance and relatively little-to-no pullbacks, investors believe there is still a huge upside. One analyst notes similarities between the current price action and the 2017 rally. If history repeats, the expert adds, it could propel XRP by 2,900%.

Can XRP Price Mirror 2017 Rally & Surge 2,900%?

The symmetrical consolidation pattern noted in 2017 propelled XRP price from under $0.1 to beyond $3. After its initial breakout from the mentioned pattern, it consolidated for a short duration. This pause was followed by another explosive rally that pushed Ripple to an ATH.

This ATH remained uncontested for seven years, but the upswing in late 2024 and early 2025 has revisited this level and set up a new high at $3.40. The analyst notes that XRP price is repeating 2017’s symmetrical triangle and has already breached it. 

XRP price has now begun its second phase of the uptrend after recently pausing for a brief moment. What’s next? A parabolic rally to new highs. The expert forecasts that, if history repeats, the 2017 fractal and uptrend resumes, investors can expect a 2900% surge.

“Prices of XRP has just met its first target and the next is at $99, over 2,900% away…”

Although the analyst does not provide a timeline for this target of $99, investors can expect it to occur this year should the crypto market outlook remain the same. In such a case, XRP could become one of the top altcoin in the crypto ecosystem.

While technicals indicate a breakout, fractals and history suggest a 2,900% surge. How likely is this? From a fundamental outlook, the odds of an ETF approval are spiking, suggesting a major overhaul and adoption awaits XRP, making it likely for an absurd and exponential rally.

Polymarket Predicts 83% Chance of XRP ETF Approval by June 2025

Polymarket data indicates an 83% likelihood that a Ripple exchange-traded fund (ETF) could receive approval by 2025. This marks a significant rise in market confidence, reflecting growing optimism surrounding cryptocurrency ETFs. 

The probability has climbed by 13% recently, signaling increased speculation among investors. XRP’s potential ETF approval could follow Bitcoin’s path, drawing institutional interest and enhancing mainstream adoption. This could fuel the XRP price surge ahead.

Will XRP ETF Launch in 2025?

According to Polymarket data, the odds of an XRP exchange-traded fund (ETF) receiving regulatory approval in 2025 have risen sharply to 82%. This increase signals growing investor confidence and reflects a notable shift in sentiment within the cryptocurrency space. 

The surge in approval probability highlights the anticipation surrounding potential regulatory developments that could pave the way for XRP’s entry into mainstream financial markets through an ETF.

All in all, the outlook for XRP price remains bullish with the 2017 fractal repeating again in 2025. Additionally, the spot XRP ETF approval odds have also skyrocketed to 83%, indicating that the future is bullish for Ripple and XRP.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.