Market data indicates XRP price could soar to unimaginable heights if XRP completely followed its 2017 fractal.
The XRP price action since the fourth quarter of 2024 has been largely impressive, as the altcoin recovers most of its lost values from years back. Currently trading for $3.13, XRP has gained a massive 538% since November 2024, re-igniting bullish sentiments within the community.
Multiple Analysts Believe XRP is Following 2017 Fractal
However, one of the most interesting narratives among XRP proponents is the suggestion that the XRP price action has been following its 2017 fractal. For context, during the 2017/2018 uptrend, XRP delivered its most impressive performance in history.
To put things into perspective, back in 2017, XRP underperformed at the start of the year, trading within a symmetrical triangle. However, it broke out in March 2017, soaring to a new peak of $0.3988 by May before facing resistance and consolidating for six months.
Interestingly, it broke out of this consolidation range in December 2017, eventually soaring to the $3.31 all-time high by January 2018. Notably, from its starting price of $0.0055 in March 2017 to the ATH of $3.31 in January 2018, XRP increased by about 60,000%.
Most recently, after underperforming within a symmetrical triangle, XRP staged a breakout in November 2024, soaring to a new peak of $3.4 in January 2025. After this peak, it faced a roadblock and consolidated for six months until the recent breakout this month.
As a result, some market watchers believe XRP might be following the same 2017 trend in the current cycle. Some market commentators who have made this claim include EGRAG Crypto, Lud, Bassii, Charting Guy, Crypto Vilian, Javon Marks, Random Crypto Pal, CryptoWZRD, and several others.
What if XRP Price Followed the Fractal to the Letter?
However, while all these analysts agree that XRP is following its 2017 fractal, they have presented varying price targets for when XRP completes this fractal. This is largely due to conservative ideas among the market watchers, as their analyses suggest XRP might not exactly repeat the same magnitude of uptrend.
But what if there were no conservative measures, and XRP really does repeat the full upsurge from 2017? Notably, as earlier highlighted, XRP soared 60,000% from $0.005 to $3.31 in 2017. If it repeated a similar 60,000% run from the $0.5 price in November 2024, this would push the XRP price to $300 per token.
Nonetheless, most market commentators have failed to project such a price due to the market cap implications. With nearly 60 billion tokens in circulation, an XRP price of $300 would translate to a market cap of $18 trillion for XRP. This represents over four times the size of the entire crypto market and puts XRP close to the market cap of gold, the largest asset by valuation.
However, if such a rally ever happened, it would be memorable for every XRP holder. To put things into perspective, if XRP price hit $300, an investor who held $5,000 in XRP at $0.5 (around 10,000 tokens) would see their bag surge to $3 million.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
