In a crypto market filled with uncertainty, one analyst is making a bold prediction about XRP’s future price movement. According to independent analyst Maelius, XRP’s current chart pattern bears a striking resemblance to its 2017 cycle, potentially setting the stage for a dramatic rally that could take the token to $19.
The Technical Case for XRP’s Potential Surge
XRP is currently trading around $2.20-$2.25, having recently peaked at $2.65 before slipping below key support levels . What makes the current situation particularly interesting is the formation of what Maelius describes as a “giga bull flag” – a technical pattern that has been developing over the past four months .
This pattern is characterized by a series of progressively lower weekly highs stopping just short of $3.40, combined with higher swing-lows bottoming near $1.61. This creates a converging wedge pattern that coincides with the rising 50-period exponential moving average (EMA), currently tracking at approximately $1.78 .
Historical Parallels: 2017 vs. 2025
The comparison to 2017 is particularly compelling. Back then, XRP experienced a similar consolidation period before erupting from sub-dollar prices to over $3.00 in just a few weeks. According to Maelius’s analysis, the current consolidation has lasted about 182 days, approaching the 210-day consolidation seen in 2017 before that massive breakout .
The weekly Relative Strength Index (RSI) further reinforces this comparison. The 2017 run featured two pronounced peaks separated by a flat plateau. The first surge in the current cycle pushed the RSI into the high-80s earlier this year before cooling to the mid-40s – a pattern that mirrors the historical precedent .
Key Levels to Watch
From a technical perspective, traders should keep an eye on several critical price levels:
• Upper flag boundary: $2.50 (a weekly close above this level would complete the flag pattern)
• EMA-anchored support: $1.80 (breaking below this would invalidate the pattern)
• Next resistance levels: $4.40 and $6.00 if the breakout occurs
The analyst notes that even in a “worst-case” scenario, there should still be one final impulse wave left in XRP’s cycle . This suggests that despite any short-term bearishness, the overall trajectory could still be significantly upward.
Market Context and Short-Term Outlook
The current XRP price action shows mixed signals for day traders, with the token climbing from $2.194 to $2.264 over a recent 24-hour period . Technical analysts are particularly focused on the June 4-6 timeframe, which some believe could define XRP’s next major move .
While the comparison to 2017 provides an interesting framework, experienced traders will look for confirmation from trading volume and broader market sentiment before fully committing to this historical pattern. However, Maelius’s analysis suggests that a single weekly candle settling above $2.50 could potentially trigger a rapid upward movement similar to what XRP has demonstrated in previous cycles .
As with all cryptocurrency investments, it’s important to remember that technical patterns don’t guarantee future performance, and market conditions can change rapidly.
