XRP is showing resilience, rebounding from $2.08 lows earlier this week to $2.4 at the time of writing, marking a 15% gain. This momentum has revealed a pattern reminiscent of XRP's 2017 trajectory, suggesting a potential breakout to $9.
A death cross, where the 50-day moving average falls below the 200-day moving average, has appeared on XRP's daily chart. Typically a bearish sign, a crypto analyst on TradingView suggests this could mirror XRP's 2017 behavior.
In 2017, XRP traded within a descending triangle before a death cross, then surged. Within weeks, it hit the 1.5 Fibonacci extension zone, yielding over 1,350% returns from $0.23 to $3.4.
XRP has consolidated within a similar triangle in 2025 before its first death cross in over a year. If history repeats, XRP could reach a new all-time high near $9, a 325% increase from its current price.
XRP's weekly Relative Strength Index (RSI) is 54.799, indicating room for growth before being overbought. The MACD reading is at 0.197, showing upward pressure, and the ADX is at 30.423.
Currently, XRP is trading at $2.38. The analyst's projection hinges on institutional interest aligning with the technical breakout.
This article is based on our author's analysis of materials taken from the TradingView platform and Unsplash.