XRP has been experiencing notable price struggles lately, largely due to ongoing volatility in the broader cryptocurrency market. The digital asset has slipped from its early February peak of $3 to under $2.60 , leading to a corresponding decline in its market capitalization, which dropped from $175 billion to $149 billion. However, despite this downturn, a compelling historical pattern has emerged, suggesting the possibility of a massive rally. Prominent market analyst EGRAG has highlighted similarities between XRP’s current market structure and its price behavior in 2017, particularly when measured against the Philadelphia Gold and Silver Index (PHLX). Based on past trends, XRP may be poised for a potential 1,000% price increase. XRP/XAU Pair and Its Market Implications EGRAG’s analysis focuses on XRP’s performance relative to the Philadelphia Gold and Silver Index (XAU), a benchmark tracking the stocks of 30 prominent precious metal mining firms. Though XAU is often associated with gold ounces, in this regard, it represents the PHLX index, which can create potential confusion for traders unfamiliar with the distinction. According to EGRAG, when the XAU index declines in dollar value, XRP’s strength relative to the index increases. This dynamic ultimately influences XRP’s price trajectory against the U.S. dollar. XRPXAU Chart/ EGRAG Crypto XRP Finds Support at Key Levels The analyst noted that XRP’s valuation against XAU recently rebounded from a key equilibrium phase after experiencing a sharp decline earlier this month. This drop, which saw XRP plummet to $1.70, sparked widespread debate, with many traders viewing it as an anomalous market event. The price collapse dragged the XRP/XAU pair down to an equilibrium zone, but a subsequent recovery enabled XRP to bounce back above this critical level. Additionally, the asset’s movements coincided with a test of the 7-month moving average, which ultimately provided strong support, triggering a rebound. Currently, XRP’s value against XAU is positioned above both the equilibrium threshold and the 7-month MA, reinforcing its potential for further upside. Historical Price Action Suggests XRP Could Mirror 2017 Surge EGRAG’s examination of past price cycles has uncovered a striking similarity between XRP’s recent performance and its movements in 2017. Between November 2024 and January 2025, the XRP/XAU pair registered three consecutive bullish monthly candles similar to those between March and May 2017. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 In 2017, after three bullish months, a red candle followed before XRP embarked on an extraordinary rally against XAU. With a similar red candle forming in the current cycle, EGRAG believes history could be repeating itself. If so, XRP may be on the verge of a major breakout. Projecting a 1,000% Gain: What It Means for XRP Price This pattern resulted in a 1,000% surge in the XRP/XAU pair during the 2017 cycle. The pair trades at approximately $893.9 million, derived by dividing XRP’s market cap ($149.64 billion) by the current XAU price ($167.39). Should a similar 1,000% increase unfold while the XAU index remains at $167.39, the XRP/XAU pair would climb to a valuation of $9.83 billion. This translates to an XRP market cap of approximately $1.64 trillion, assuming the index remains unchanged. At that market capitalization, XRP’s price would skyrocket to $28.50 per token, marking one of the most significant rallies in its history. While past performance does not guarantee future results, EGRAG’s analysis presents a compelling case for a potential XRP explosion in value. The alignment between the current cycle and the 2017 pattern suggests that XRP could be on the brink of an unprecedented rally. If the expected surge materializes, the token could reach new all-time highs, reaffirming its position as a dominant force in the cryptocurrency market. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Mirrors 2017 Rally Pattern, Poised for 1,000% Price Surge appeared first on Times Tabloid .
