XRP Chart Is Now Forming a Historical Fractal That Mirrors Its 2017 Bull Run

XRP’s recent price action is stirring bullish hopes among traders, as a veteran crypto analyst has identified a historical price pattern, or “fractal,” that mirrors the setup preceding XRP’s massive 2017 bull run. The analysis suggests that despite a slow recovery, XRP may be in a long-term accumulation phase, coiling for a significant future rally.

The analysis comes from veteran trader Pepa, who is known for his early calls in previous XRP cycles. Currently trading near $2.24, XRP has been consolidating, but the underlying macro chart structure is now the focal point for long-term bulls.

Is XRP Repeating Its 2014–2018 Bull Cycle Pattern?

Pepa has identified a recurring price pattern that according to his three-week forecast, XRP’s breakout above a long-standing descending trendline resembles its 2017 structure, when the coin rocketed from $0.004 to $3.4.

He argues a similar pattern has formed since the 2018 peak, with a new breakout in November 2024 pushing XRP back to $3.4 by January 2025. Currently trading near $2.24, XRP is consolidating but Pepa believes a continuation pattern is forming, potentially leading to the 7 Fibonacci extension near $23.94.

XRP Price Analysis: Fibonacci Extensions Map the Bullish Path

The Fibonacci retracement levels shown on the chart reinforce this narrative. XRP is currently hovering between the 0.5 and 0.618 retracement levels ($2.25–$2.65), historically key consolidation zones before major moves.

Breakouts beyond the 0.786 level ($2.82) could catalyze further momentum toward the 1.618 ($3.01) and eventually to the 2.618–4.236 zones, with $4.57 as a shorter-term extreme before the long-shot $23.94.

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Source: TradingView

On the other hand, the Relative Strength Index (RSI) currently sits around 45.5, a neutral reading that suggests XRP isn’t overbought and has room to grow. Previous bullish runs have typically started from this mid-range RSI.

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Meanwhile, the MACD shows the blue signal line just crossing above the orange slow line, a potential bullish crossover, albeit still below the zero line. This suggests early signs of momentum building, though not yet a confirmed bullish reversal.