A crypto market analyst has suggested that XRP appears to be forming “one of 
its most significant multi-year structural patterns to date,” which could lead 
the altcoin to a rally similar to its 2017 expansion. Related Reading: 
Ethereum Poised For $140% Rally If This Resistance Flips – Analyst Calls 
Breakout Inevitable XRP Eyes 2017-Like Expansion On Thursday, market observer 
ChartNerd stated that XRP appears to be repeating a setup that may surpass the 
scale of the 2017 pre-breakout formation, which led to a massive 68,000% 
expansion during that cycle. In a video, the analyst explained that the 
altcoin has been developing since 2020, when the price saw its bear market 
bottom and created an ascending support level that held for nearly six years. 
Since then, XRP has resembled its pre-2017 performance, where the 
cryptocurrency experiences significant advances after retesting its ascending 
support, followed by sharp corrections within descending channels. As the 
chart shows, the altcoin recorded a 10x move between 2020 and 2021, which was 
followed by the 2022 bear market. After bottoming, XRP saw another 2x rally 
before retesting the trendline for the first time. The price then rallied 
another 6-7x between late 2024 and mid-2025, leading to the July all-time high 
(ATH) of $3,65. Now, the cryptocurrency is developing a similar corrective 
pattern to the previous two retests of the ascending support, which could 
suggest the potential for 1,992% rally to a double-digit target upon 
confirmation. “If XRP respects this pattern into late 2026, this is where we 
could potentially create the third retest, which is what we saw in the early 
cycles before the expansion in 2017,” the analyst asserted. He also added that 
“if we are repeating this sort of multi-year cycle from before, just on a 
larger scale here, then this could be one of the largest structural phases 
where XRP is building a base and waiting for the leg up.” Consolidation Until 
Late May? ChardNerd also shared a short-term outlook for XRP based on its 
performance over the past 11 weeks. He noted that on the daily timeframe, the 
altcoin is still hovering between major descending resistance and ascending 
support levels, forming a triangle pattern. So, you can see, since we actually 
formed the base back here in February, we worked down to $1.11, created the 
resistance, which came back to create this ascending level of support roughly 
at $1.28. Then we’ve seen this break up to sort of $1.50, and we’ve now pulled 
back to the support line once again. Taking this into consideration, alongside 
the fact that its RSI levels are oversold on the daily timeframe, the analyst 
believes that XRP could be building a base near the ascending support before 
attempting to retest the descending resistance. Related Reading: Bitcoin Faces 
‘Most Critical Week In Months’ Amid $76,000 Retest – Should Investors Worry? 
Nonetheless, he observed that “because we’re converging in this range and it’s 
been about 8 to 9, maybe 10 weeks of range-bound price action, it would be 
likely that we still see this compression” squeeze into the pattern’s apex 
until at least mid-May, when the price is expected to see a directional 
breakout from the formation. Ultimately, the market observer suggested that 
“as long as we respect the trend line and continue to defend ascending support 
(…), it’s looking for a retest back towards sort of $1.50 in the short term.” 
Featured Image from Unsplash.com, Chart from TradingView.com

XRP 2017 Breakout Replay? Analyst Drops Bold Target As Multi-Year Pattern Repeats

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economic instability and hindering diplomatic progress.
The post Rubio calls Strait of Hormuz an economic nuclear weapon amid Iran 
tensions appeared first on Crypto Briefing.

Rubio calls Strait of Hormuz an economic nuclear weapon amid Iran tensions

The IRGC&#8217;s power consolidation may lead to increased regional instability and 
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Iran regime solidifies power under IRGC control after US-Israeli strikes

The poll suggests a potential shift in Israeli political dynamics, challenging 
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Dogecoin rises as whale activity hits a 6-month high, while RSI and TD signals 
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Heightened tensions and military readiness could escalate regional conflict, 
impacting global security dynamics and economic stability.
The post Trump briefed on Iran strike options as Tehran activates air defenses 
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Cryptocurrency price in BHD

Market Overview