XRP Technical Setup Mirrors 2017 Pattern As RLUSD Reaches $1 Billion Milestone

Markets 2025-11-29 19:53

XRP Technical Setup Mirrors 2017 Pattern As RLUSD Reaches  Billion Milestone

Crypto analyst ChartNerd projects XRP could surge if historical patterns from the 2017 bull market repeat in the current cycle. The prediction hinges on a specific technical setup involving the altcoin's three-month exponential moving average and the stablecoin ascension.

What Happened: Technical Pattern Analysis

ChartNerd detailed the comparison in an X post, noting that during 2017's rally, XRP experienced a three-month consolidation period where it dropped to retest its three-month 20-EMA before surging 25x. The analyst identified an identical setup developing in the current 2025 bull cycle, with XRP completing a breakout last year and now entering a similar three-month cooling phase toward its three-month 20-EMA retest.

The analyst specified that a rally to the projected levels would represent a "blow-off top" scenario. ChartNerd referenced the 2021 lower high, which aligned with monthly candle close highs from 2017 and coincided with the SEC lawsuit that allegedly suppressed XRP's price during the previous cycle.

The bullish thesis would be invalidated if XRP closes below its three-month 20-EMA at $1.20, according to the analyst.

Also Read: November Ethereum Trading Volume Reaches $375 Billion, Still Far Behind August Peak

ChartNerd outlined potential peak targets at $8, $13, and $27, each representing a new all-time high for the token. Crypto analyst Egrag Crypto previously issued a similar forecast, predicting XRP could reach $27 if it mirrors 2017 price action.

Why It Matters: Institutional Momentum Building

Market commentator Milk Road highlighted fundamental developments supporting potential upside momentum for XRP. Ripple's RLUSD stablecoin crossed $1 billion in market capitalization faster than nearly any stablecoin the company has launched, according to the platform.

Abu Dhabi's ADGM approved RLUSD as institutional collateral, opening regulated pathways for capital flows. Milk Road suggested this development could trigger institutional inflows unlike anything seen in recent months, while U.S. spot ETFs continue channeling capital into the XRP ecosystem.

Read Next: CoinShares Abandons XRP, Solana ETF Plans Despite Robust Market Demand

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This content is for informational purposes only and does not constitute investment advice.

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