XRP Surged Over 1,000% the Last Time Gold Made This Move—Here Are the Details

The last time gold made an ongoing parabolic run, XRP price saw a massive upsurge immediately after. Can the altcoin repeat this pattern?

The broader crypto market has in the past two months witnessed sideways movement, with Bitcoin (BTC) battling the bears at the lower end of the $80,000 price mark and XRP grappling to maintain its position above the $2 region.

Gold Outperforms Crypto

This challenging period emerged on the back of macroeconomic factors such as trade tensions between the United States and other countries. However, as the crypto market consolidated, gold, the ultimate macro hedge, has continued to see impressive gains, reaching new heights.

For context, since October 2023, gold has been on a massive uptrend, overlooking prevailing macro conditions. Between October 2023 and April 2025, the precious metal surged 89% to claim a new all-time high of $3,500. Meanwhile, this year, the crypto market has underperformed.

However, it appears gold could be seeing a mild pullback, having dropped 5% from its all-time high to trade at the $3,300 mark.

Interestingly, this gold correction has coincided with an impressive recovery in the crypto market, as Bitcoin reclaims the $95,000 price level amid an 11% increase this week. If history is any guide, a more substantial rally could be on the horizon, with XRP potentially benefiting. Recall that Fundstrat’s Tom Lee recently projected this uptrend for crypto.

A Historical Perspective 

Particularly, historical data suggests this pattern played out in the last market cycle, and the crypto market eventually recovered, with XRP rallying by more than 1,000% despite the SEC case. Notably, with gold already seeing mild exhaustion, the crypto market is already looking to replicate the previous run.

For context, from October 2018 until the COVID-19 period, gold witnessed a similar uptrend. The precious metal spiked 72% to reach a new all-time high of $2,075 by August 2020 before it saw a pullback and subsequent consolidation.

During gold’s upsurge, the crypto market saw bearish price action, and this also impacted XRP. However, as gold started observing a correction by August 2020, XRP and the rest of the market saw a parabolic uptick. Specifically, XRP rose from $0.1751 to a high of $1.96 in April 2021, representing a 1,019% increase. 

Another indicator suggesting a repetition of the previous cycle’s run is the monthly gold RSI. Notably, during gold’s uptrend from 2018 to 2020, its RSI rose from 40 to an overvalued mark of 84, indicating the uptrend would reverse. Currently, gold’s RSI has spiked from 50 to 85.

Could XRP Record Another 1,000+ Uptick?

Now that gold is witnessing another pullback from its extensive rally, crypto is again gaining strength, and XRP might benefit from this rotation of capital. The altcoin appears to be late to the party, with its price action failing to reflect the recovery in the broader market. 

However, currently trading for $2.18, XRP is still in a position of strength for its next upsurge. Specifically, if the asset replicates the 2020/2021 cycle’s 1,000+ upsurge, such a rally would push its price to the $24 mark. 

Interestingly, Bitcoin advocate Davinci Jeremie, who has persistently criticized XRP, believes the altcoin could hit $24 this year. Meanwhile, market analysts such as EGRAG expect a rally to $27. It bears mentioning that XRP’s 1,000% rise in 2021 came despite the SEC’s case. With the lawsuit potentially ending, the asset could see more substantial gains this time.