XRP Poised for Historic Rally: Analysts Eye $14 Target as 2017 Bull Pattern Repeats
Ripple's XRP is showing striking technical similarities to its 2017 bull pennant breakout pattern, which previously led to a staggering 1,200% price surge. Crypto analyst Mikybull highlights the current consolidation phase as a mirror of this historical setup, suggesting a potential rally toward $14 if key resistance levels are broken. Despite trading below $3 since February amid broader market uncertainty, XRP's emerging bullish signals have sparked Optimism among investors. Analysts predict a potential 548% surge, drawing parallels to its 2017 performance. The payments-focused cryptocurrency's recent patterns and historical precedents are fueling speculation of another major breakout in the near future.
Is Ripple’s XRP Repeating Its 2017 Breakout? Analysts Predict Potential 548% Surge
Ripple's XRP shows striking technical similarities to its 2017 bull pennant breakout pattern, which preceded a 1,200% price surge. crypto analyst Mikybull notes the current consolidation mirrors this historical setup, suggesting a potential rally toward $14 if resistance breaks.
The payments-focused cryptocurrency has traded below $3 since February amid broader market uncertainty. Yet the emerging bullish pattern could signal an impending breakout, with the 2017 analogue implying over 500% upside potential from current levels.
Market observers watch for confirmation of this technical narrative, which WOULD require a decisive move above key resistance levels. The $3.40 all-time high remains the ultimate target for bulls should history repeat.
Ripple Whale Sparks Selloff Fears Amid XRP Ledger DAO Upgrade and Lawsuit Delay
A Ripple whale transferred 26.6 million XRP, worth approximately $58 million, from a private wallet to Coinbase, raising concerns of a potential selloff. Historically, such large movements to centralized exchanges precede price declines, but the market remained surprisingly stable. XRP showed resilience, trading steadily above $2 despite broader market volatility.
Analysts noted the unusual stability, suggesting growing market maturity for XRP. The cryptocurrency has surged over 300% since November 2024, with strong demand absorbing supply shocks. Meanwhile, attention remains on Ripple's roadmap and the XRP ecosystem as the DAO upgrade progresses and legal delays persist.
Ripple vs SEC Lawsuit: Market Impact and Misconceptions
The legal battle between Ripple Labs and the U.S. SEC over XRP's classification as a security continues to stir debate. Allegations of trillion-dollar business losses to competitors like Coinbase lack substantiation, with legal experts dismissing social media-fueled claims of judicial bias.
Delays in the case have frustrated stakeholders, but former SEC lawyer James Farrell underscores the need for context. Regulatory clarity—not speculation—will ultimately determine XRP's trajectory in the crypto ecosystem.
XRP vs SEC: Legal Expert Says Ripple Is Delaying The Lawsuit
The protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to unfold, with a surprising twist. Contrary to widespread belief, legal expert Bill Morgan asserts that Ripple—not the SEC—is responsible for delaying the case. The holdup stems from Ripple's insistence on dissolving an injunction restricting its ability to sell XRP to institutional buyers.
Morgan notes the SEC has been unusually accommodating, even assisting Ripple in its efforts to lift the injunction. This procedural maneuver has postponed a potential settlement that many anticipated months ago. "Ripple needs it, not the XRP investors," Morgan clarified, emphasizing the company's strategic focus on operational flexibility over expedited resolution.
The court's willingness to remove the injunction remains the pivotal unknown. Its decision could set a precedent for how regulatory constraints are applied to cryptocurrency firms moving forward.
