XRP appears to be repeating a familiar historical setup that previously led to a massive rally in 2017, according to recent technical analyses. Several crypto analysts have identified striking similarities between the current XRP chart formation and the Wyckoff accumulation structure seen eight years ago, hinting at a possible bullish reversal before the end of the year.
Analyst CoinsKid has emphasized that a strong Q4 performance could still emerge if Bitcoin dominance (BTC.D) remains below a critical threshold and XRP sustains its current support zones. However, he cautioned that the token’s previous drop below $1.90 disrupted a key structure, which could bring short-term volatility before a potential upside move.
Adding to this analysis, another market observer known as EᴛʜᴇʀNᴀꜱʏᴏɴᴀL pointed out that XRP may currently be in a major accumulation phase, closely resembling the early stages of a Wyckoff blueprint. This phase often reflects the activity of “smart money” — investors who quietly accumulate positions ahead of significant market uptrends.
During XRP’s 2017 cycle, a similar pattern preceded an explosive rally that carried prices toward record highs. Analysts now believe the market could be approaching a comparable phase, where accumulation transitions into markup, provided broader crypto conditions remain supportive.
Still, XRP’s bullish setup hinges on maintaining key technical levels. If BTC dominance starts climbing or XRP slips below its short-term moving averages, the accumulation thesis could weaken. On the other hand, sustained stability could ignite a fresh upward trend, potentially mirroring its historic rally.
As Q4 progresses, traders and long-term investors alike are keeping a close watch on XRP’s structure, eyeing whether this historical setup will once again lead to a substantial breakout.