XRP has completed nearly 400 days of consolidation, echoing the 2016–2017 accumulation phase. The cryptocurrency's price action has formed a descending channel, reminiscent of the structure before the 2017 breakout. Historical patterns suggest potential upside if XRP repeats its previous expansion cycle. In 2025, XRP experienced a dramatic rally to new all-time highs, followed by a prolonged consolidation phase characterized by pullbacks and tight trading ranges. Analyst Steph highlighted a chart showing similarities between the current price action and the 2016–2017 cycle, sparking renewed interest among traders. The current setup shows XRP compressing near the $1.70 to $1.90 region, with trading activity remaining muted. Back in 2017, a similar descending channel resolved with a sharp upside break, leading to a significant price surge. If history repeats, XRP could see a similar breakout, potentially altering its trajectory once again.
XRP's 2026 Price Action Mirrors 2017 Consolidation Phase
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