“How Are You Not Bullish On XRP?” Analyst Asks Investors. Here’s why

Well-respected crypto analyst Xoom (@Mr_Xoom) has shared a new chart comparing XRP’s current price movement with its historical market structure. The chart, posted on X, reveals two major symmetrical triangle formations, suggesting a repeating pattern that could lead to significant gains for XRP.

XRP’s Repeating Cycle

The analysis highlights two distinct symmetrical triangle formations. The first developed between 2014 and 2017, preceding XRP’s sharp rise in late 2017. The second formation spanned from 2018 to 2024. The breakout from both patterns historically led to periods of consolidation. In 2017, this consolidation phase eventually ended with another massive breakout, pushing XRP to its previous peak of $3.36.

The second triangle, which took shape over several years, broke out in 2024, mirroring the earlier setup. This breakout rally propelled XRP up by over 500%, initiating a similar consolidation phase. Xoom’s chart indicates that XRP is now nearing the end of this consolidation period. He expressed growing optimism among traders, stating, "How are you not bullish on XRP?", reflecting a belief that the digital asset is on the verge of another substantial breakout.

XRP’s Market Behavior

The chart emphasizes XRP’s tendency to compress into long-term triangle formations before experiencing upward expansion. According to the analysis, XRP’s 2024 breakout closely resembles its price movement from seven years prior, suggesting a potential continuation of a larger cyclical trend.

Following the 2017 breakout, XRP experienced a strong upward surge followed by a prolonged correction period. The current structure shows the token entering a consolidation phase above $2, a range comparable to that observed in 2017 after its initial rally.

While Xoom did not provide specific price targets in his post, the chart’s pattern projections imply that XRP may be positioning itself for another significant upward move if the historical structure continues to repeat. The similar geometry of both triangles suggests that long-term holders view the present consolidation as a preparatory phase for further price expansion.

What’s Next for XRP?

The digital asset is currently trading around $2.37, maintaining stability after reaching a new all-time high in July. Despite some recent fluctuations, XRP has recovered swiftly, and Xoom’s analysis indicates that the overall trend remains bullish.

From a structural perspective, the chart also suggests that XRP’s long-term support trendlines have consistently risen over time. Each new base is forming at a higher level, demonstrating a gradual strengthening of the asset’s technical foundation. This progressive pattern may support the view that XRP’s market cycle is advancing towards another phase of expansion, aligning with the bullish outlook Xoom expressed in his post.