Analyst: XRP Is Repeating What It Did Back In 2017

A recent post by The Great Mattsby (@matthughes13) has put a spotlight on XRP, as the analyst suggests that a massive move is coming. His observation, supported by technical data, compares the asset’s present price movement to its performance during 2017.

The chart he shared covers XRP’s monthly performance against the U.S. dollar and highlights a recurring structure that appears to follow the same rhythm as its previous major rally.

XRP’s Current Market Setup

Mattsby highlighted that XRP’s current market behavior resembles its 2017 pattern, where the asset moved sideways for several months before advancing once it reached the 20-month moving average (MA). He explained that XRP is now showing the same setup, with the price once again returning to that key moving average level.

According to him, the structure suggests that the market may be nearing the stage where a significant move could follow, although this cycle appears to be progressing more slowly than the previous one.

Details from the Chart

The chart shows that XRP’s recent candle touched the 20-month moving average line, which has historically served as a turning point for momentum during extended consolidation phases. The Bollinger Bands displayed in the chart reveal narrowing volatility, a condition that often precedes large market movements in either direction.

In 2017, XRP’s price consolidated for several months before breaking through the upper band once it reached the 20-month MA. This move led to a dramatic rally that pushed the asset from under one cent to over three dollars in less than a year. Mattsby’s current comparison implies that the structural resemblance may be setting up a similar technical scenario.

The current monthly chart shows a comparable setup, with a long accumulation period followed by contact with the same moving average level. However, Mattsby observed that “it’s just taking a little longer this cycle because everything is taking longer this cycle.”

What’s Next for XRP?

XRP’s price recently retraced to around $1.53 before a swift recovery to settle between $2.3 and $2.5. Traders following long-term technical structures see the moving average touch as a potential setup rather than a breakdown. Historical patterns suggest that such phases often test patience before larger directional moves take shape.

If the pattern holds, XRP may once again be approaching the stage where renewed momentum builds from consolidation. While the conditions differ from 2017, the structural repetition remains a notable observation among analysts focused on historical correlations.