Analyst Says XRP Is Now Where Ethereum Was in 2017 Before a 20x Explosion

Analyst Paul GoldEagle has drawn striking parallels between $XRP current chart and Ethereum’s pre-breakout phase years ago that led to a 20x surge.

Specifically, he compares $XRP’s chart from 2024 to 2025 with Ethereum’s 2016–2018 price movement. He suggests that $XRP could be on the verge of a breakout similar to Ethereum’s legendary 20x rally in 2017.

A side-by-side comparison shows that $XRP’s weekly chart is forming a pattern almost identical to Ethereum’s consolidation phase before it surged from around $20 to nearly $1,400. GoldEagle’s chart highlights $XRP’s range between $2 and $3 as the accumulation zone that could precede a major price explosion if a breakout follows.

Ethereum’s 2017 Pattern as a Roadmap

During the 2016–2018 period, Ethereum spent months trading sideways after losing momentum from an earlier bull run. This extended consolidation phase ended with $ETH finally breaking through resistance and entering a new parabolic uptrend.

According to GoldEagle, $XRP’s current technical structure mirrors that setup almost perfectly. It has been consolidating since it reached the $3.40 range back in January. The parabolic rally that led $XRP to that point started at around $0.50, marking a roughly 600% increase—after which the coin took a breather.

Since then, $XRP has remained in a ranging pattern, briefly climbing to $3.66 in July before falling back into consolidation. Now, many believe $XRP is primed for the next phase of an explosive uptrend.

$XRP Potential Price Target

If the analogy holds, $XRP could be preparing for a multi-fold rally that mirrors Ethereum’s trajectory during its early bull market phase. The coin is currently trading at $3. A 20X surge from here would send the price to $60.

While both are distinct assets, the idea of $XRP following Ethereum’s chart pattern remains debatable. However, even an independent look at $XRP’s historical chart reveals similar signs, as numerous analysts have pointed out in recent weeks.

Many now consider the $10 price range to be the likely next rest point for $XRP.

Other Analysts Forecast $XRP Peak Price Based on $ETH’s Performance

Some analysts have also used Ethereum’s potential price action in this cycle to forecast $XRP’s outlook.

For example, analyst EGRAG predicts Ethereum could reach $33,000. Based on historical breakout patterns and overshoots ranging from 145% to 181%, he believes Ethereum’s next rally could far exceed its $12,000 breakout target.

In this context, EGRAG also predicts $XRP could soar to $33, a 1,000% increase from its current price near $3 if Ethereum hits the $33,000 level.

Another analyst, CryptoInsightUK, has also suggested that $XRP could reach $50 if Ethereum climbs to $62,000, as Tom Lee has widely predicted for $ETH.

Ultimately, with technical patterns and sentiment aligning, excitement is growing in the $XRP community. If $XRP establishes $3 as a strong support and breaks above it, analysts like GoldEagle believe it could follow a trajectory similar to Ethereum’s historic 2017 rally for a 20x gain in the coming years.