XRP Price Action in 2024–2025 Echoes 2016–2017 Sideways Accumulation and Breakout Setup
In 2025, XRP has been consolidating after a strong rally to new all‑time highs, with recent trading dominated by pullbacks and range‑bound movement. Analyst Steph shared a chart on X suggesting XRP has logged about 393 days of sideways accumulation in 2024–2025, closely matching the approximately 395‑day consolidation seen between 2016 and 2017. In the earlier cycle, XRP shifted from a trading range into a descending channel before breaking out and advancing from roughly $0.005–$0.01 to the $0.40 area, while the current structure shows a similar descending channel forming around the $1.70–$1.90 zone. A move comparable in percentage terms to 2017 from the current region would mathematically imply an XRP price near $100, though this is a scenario based solely on chart pattern similarity.