XRP is at a point where the larger cryptocurrency era still has room to run. Although price action is about $1.40, a new technical perspective confirms this current weakness may not be the beginning of a deeper breakdown.
Instead, it could be a familiar stop within a structure that is very similar to the one XRP formed before the 2017 rally. If this holds, then XRP could be on its way 1,500% rally to $20.
The identity structure for XRP
According to technical analysis published in Social media platform X by crypto analyst John Marks, the current pattern setup and XRP breakout process is very similar to the movement that preceded its major rally in 2017.
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Interestingly, the analyst’s point of view is based on a side-by-side comparison of two major market structures on the long-term chart, both of which form symmetrical triangle consolidations, which ended with an attempt to break, a brief forgery of support and then an upward expansion.
To understand why Marks is making this call, you have to go back to 2014. XRP has spent nearly three years carving out a bearish triangle, defined by a series of highs that push against a flat or declining base. The chart shows multiple rejected highs between 2014 and 2016, with each jump leading to higher highs. Most traders at that time observed that the broken asset was going lower.
The reversal occurred in late 2016 when price briefly broke below the lower boundary of the triangle to create a false breakout. From there, XRP rebounded, broke out of the entire structure, and began a 2,029.78% rally that pushed it to an all-time high.
The structure of the current chart seems to follow the same sequence. XRP spent several years between declining resistance and increasing support between 2018 and 2024, printed another false breakout at the end of the formation, and then rose in 2025. This move has already created a strong rally to a new high price of $3.65, but the overall breakout process is not yet complete.
XRP rises to $20
An important part of the analysis is that XRP may now be in the same phase where it briefly cooled before the next phase of the move in 2017. According to Marx, this current retreat, return to $1.30 and $1.40 is structurally similar to the brief consolidation that followed XRP’s 2017 breakout before the leg of the higher parabola actually began. According to him, “There is now only a temporary pullback before moving well above $20.”
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However, the $20 target is not the last stop. From a purely technical perspective, the chart also shows a much bigger move with a peak forecast of just over $90 based on how the 2017 rally finally peaked.
Featured image from iStock, chart from Tradingview.com
