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Ripple’s XRP traded sideways on Tuesday, maintaining a cautious stance following a recent surge in market liquidity.
Notably, over the past week, the cryptocurrency has rallied nearly 2%, even as broader markets faced widespread selling pressure in major digital assets.
Meanwhile, despite this muted move, analysts are keeping an eye on XRP, suggesting that its current price action and technical setup could be reminiscent of a rally that foreshadows the record-breaking run seen in 2017.
According to analyst John Marks, XRP may be on the verge of repeating its 2017 rally.
The analyst noted that the cryptocurrency’s current structure and breakout pattern are “very similar to the 2017 move,” adding that the current pullback may be just a temporary stop before XRP is likely to break above $20.
 
He stressed that if history repeats itself, traders may witness the opening stages of a broader, multi-month rally.
In addition, analyst ChartNerd provided a broader macro perspective that linked XRP’s potential trajectory to Bitcoin’s cyclical behavior.
According to the analyst, the short-term movements of XRP cannot be seen in isolation; rather, they are related to Bitcoin price action and the broader four-year market cycle.
Historically, mid-term years such as 2014, 2018 and 2026 have often been low for cryptocurrencies with long declines.
However, anomalies, such as the institutional rally in 2021, suggest that external factors may accelerate the return.
Additionally, analyst ChartNerd noted that Bitcoin’s support at $60,000 is critical to prevent further declines.
According to his analysis, XRP could fall to $0.70 if Bitcoin falls to $50,000-$40,000, the previous resistance level that could turn into support.
On the other hand, if Bitcoin maintains its momentum, XRP could defend the level above $1.12 and possibly challenge the resistance points at $1.80-$2 in the near future.
However, the analyst cautioned that rallying support during bearish periods is often short-lived, emphasizing the need for patience and strategic positioning.
Elsewhere, analyst Egrag Crypto reiterated a bullish outlook, stressing the importance of technical confirmation of market narratives.
“Faith is great, but I rely on math, numbers, and charts“, he stated.
He noted that closing the week above $2.20 would signal stronger momentum, while smaller pumps in the interval could only serve as liquidity selling events.
The analyst also dismissed the influence of outside commentators, noting that structural analysis and chart-based patterns remain more reliable indicators in predicting XRP’s next moves.
At press time, XRP was trading at $1.39, reflecting a 1.63% gain in the last 24 hours.
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