XRP Primed for Parabolic Rally? 2017-Style Breakout Pattern Fuels Market Euphoria

History doesn't repeat, but it often rhymes—and XRP's current chart setup is singing a bullish siren song to traders. The same technical formation that preceded its 2017 moonshot has emerged again, triggering flashbacks of 58,000% gains.

Market Psychology at Play

When a chart pattern this notorious reappears, it bypasses rational analysis and cuts straight to traders' lizard brains. The symmetrical triangle breakout now mirrors the exact structure that launched XRP's last epic rally—back when 'fundamentals' just meant how fast you could FOMO in.

Wall Street's Crypto Amnesia

Traditional finance types will dismiss this as speculative frenzy... right before quietly allocating 3% of their hedge fund to 'digital asset diversification.' The market's memory may be short, but trading algos never forget a profitable pattern.

Whether this is the start of a new paradigm or just another cycle feeding on its own nostalgia, one thing's certain: when crypto charts start rhyming, wallets start printing.

XRP Price Prediction: Breakout Chart Identical to 2017 Rally Sparks Bullish Frenzy

If we zoom out and look at XRP’s one-week chart, it becomes clear that it may be on the same path as it followed in 2017, albeit on a bigger scale.

Back in 2017, XRP experienced an initial rally to about $0.4 in May, before correcting a little over the summer and then launching a surge towards $3.40 in December and January.

We could therefore argue that something similar is happening this year: after reaching a seven-year high of $3.31 in January, the xrp price has corrected to $2.23 but now appears to be regathering the momentum whereby it could rise even higher.

Of course, history does not always repeat itself, so trader’s shouldn’t take the reproduction of past patterns as a given.

But if we zoom in and look at the coin’s one-day chart, we see that its support (green) and resistance (red) levels have formed a bullish pennant.

We could see the XRP price break out from the increasingly narrow band it has been occupying in recent weeks, potentially rising towards $3 by the end of the summer.

Analysts also suspect that XRP is close to doing something big, with Dark Defender predicting that the coin will hit a new all-time high this year.

This will depend on the coin breaking through its current resistance level at around $2.50, while it will also depend on the fate of numerous XRP ETF applications.

Don't think much about #XRP.
The ones who thought much can now buy 10% of what they could have purchased when XRP was at 20 Cents.

The same will happen in the upcoming days.
People will be able to secure less and less XRP.

Remember remember!

"Our Road for All Time High Is… pic.twitter.com/RWuhPX2SpV

But with Ripple expanding its cross-border payment business recently, the XRP price is certainly in a good position to continue rising throughout the rest of the year.

New Altcoins Bring Big-Rally Potential

While XRP remains one of the most bullish major tokens in the market, it won’t be the only altcoin gaining strongly in the second half of the year.

There will also be a variety of newer tokens that will do well, with certain presale coins in a good position now to outpace the market once they launch.

One of these is Bitcoin Bull (BTCBULL), an ERC-20 token that has now raised $6.9 million in its soon-to-be-ending sale.

Last chance to buy BTCBULL before launch!

The countdown ends on June 30th.

Here’s what’s coming:
BTCBULL token burns
BTC airdrops at price milestones
BTCBULL airdrop when bitcoin hits $250K

Join the herd: https://t.co/FQZXEzFwWu pic.twitter.com/aeUmLJcSOC

With 20 days left to run, BTCBULL’s presale has been gaining momentum, with investors very enthusiastic about the coin’s deflationary tokenomics.

In particular, it will have a hard cap of 21 billion BTCBULL, with the coin’s team planning to conduct token burns whenever Bitcoin (BTC) reaches new price milestones.

The first burn will take place when BTC hits $125,000, with subsequent burns taking place with each additional $25,000 gained.

On top of this, Bitcoin Bull will also host airdrops – of BTC itself – whenever Bitcoin hits a new $50,000 milestone, beginning with $150,000.

This could make BTCBULL incredibly profitable to hold, with owners also able to stake the token for a passive income.

While its sale is ending soon, investors can still join by going to the Bitcoin Bull website and connecting a wallet.

BTCBULL is selling at its final presale price of $0.002555, although the success of its sale suggests that it could have a very strong listing.