XRP’s Parabolic Rally: A Repeat of 2017 or a Short-Lived Surge?
Renowned Bitcoin trader Tony Severino has issued a cautionary note to XRP investors as the cryptocurrency enters price discovery mode following a breakout from a multi-year symmetrical triangle pattern. Last Friday, XRP surged to $3.66, marking its highest level in seven years. Severino draws parallels between the current rally and XRP's 2017 bull run, when the asset skyrocketed from under $0.01 to over $3 within weeks. However, he warns that this parabolic move may be short-lived, urging investors to prepare for potential profit-taking. As of August 9, 2025, the market watches closely to see if history will repeat itself or if this rally will follow a different trajectory.
Top Trader Warns of Short-Lived Parabolic Rally in XRP
Renowned Bitcoin trader Tony Severino cautions XRP investors to prepare for profit-taking as the cryptocurrency enters price discovery mode. The digital asset surged to $3.66 last Friday—its highest level in seven years—after breaking out from a multi-year symmetrical triangle pattern.
The current rally mirrors XRP's 2017 bull run when it skyrocketed from under $0.01 to over $3 within weeks. Severino's analysis suggests this parabolic MOVE could be explosive but brief, urging traders to lock in gains despite anticipating further upside.
After initial consolidation between November 2024 and January 2025, XRP's July breakout surpassed previous highs before retracing to $3.30. Market technicians observe striking similarities to historical patterns that preceded major volatility.
XRP's Remarkable Rally Hailed as Long-Overdue Victory Amid Regulatory Shadows
Pro-XRP attorney John Deaton has declared the token's recent surge a belated triumph for holders after years of suppressed performance. XRP's price catapulted past $3.50, marking a 71% gain over 90 days—a move Arrington Capital founder Michael Arrington dubbed "showing off."
The rally comes as vindication for retail investors who endured four years of stagnation under the cloud of SEC litigation. Regulatory pressure had forced major exchanges like Coinbase and Kraken to delist XRP in 2020, driving prices below $0.18. Though relisted after Ripple's partial legal victory in 2023, the token's recovery remained muted pending ongoing appeals.
XRP's Bullish Rally Gains Momentum as Legal Clarity Emerges
XRP surged 23.6% this week, peaking at $3.65 amid fading regulatory pressure. The token has climbed 48.54% since July 9, with a 59.1% monthly gain signaling sustained bullish momentum.
Pro-XRP attorney John Deaton attributes the rally to resolution of the SEC lawsuit, which had suppressed the asset for nearly four years. Ripple's $50 million March 2025 settlement and subsequent dismissal of appeals removed a key market overhang.
The token's technical trajectory appears robust - maintaining consistent growth from its July opening at $2.17. Market veterans like Michael Arrington now highlight institutional adoption potential, with the legal clarity allowing traditional finance players to engage.
Ripple vs. SEC: Appeal Still Pending as Market Awaits SEC Vote
The legal battle between Ripple and the U.S. Securities and Exchange Commission remains unresolved, with the SEC yet to formally withdraw its appeal despite Ripple dropping its cross-appeal in late June. Market participants had anticipated potential action during the regulator's July 17 closed-door meeting, where litigation appeared on the agenda, but no decision emerged.
XRP prices dipped from $3.66 to below $3.50 following the non-event, reflecting market sensitivity to regulatory developments. Former SEC official Marc Fagel dismissed speculation about the meeting's significance, noting such sessions occur weekly without public disclosure of specific discussion topics. The bureaucratic process for enforcement actions typically requires 1-2 months for staff preparation and commissioner review before reaching a vote.
RLUSD Stablecoin Earns Top Marks from Bluechip Rating Agency
Ripple's RLUSD stablecoin has secured an A-grade rating from Bluechip, a prominent financial rating agency, positioning it above competitors like USDT and USDC. The evaluation highlighted RLUSD's robust reserve management at BNY Mellon, rigorous compliance protocols, and institutional-grade issuance capabilities.
Bluechip's assessment underscores RLUSD's resilience in a market where stablecoin reliability faces increasing scrutiny. The agency praised its SAFE reserve framework and compliance infrastructure as industry-leading. This recognition could accelerate institutional adoption of RLUSD as a preferred settlement asset.
The rating comes amid growing demand for transparent, well-regulated stablecoins following recent market turbulence. RLUSD's ascent challenges the dominance of legacy stablecoins, potentially reshaping liquidity dynamics across crypto exchanges.
XRP Nears All-Time High Amid Market Consolidation and Whale Activity
XRP's price hovers just below its recent peak, signaling a potential breakout as traders eye the cryptocurrency's next move. The asset has reclaimed key historical levels, with market structure favoring buyers. Steady volume and narrowing gaps to previous highs suggest this weekend could be pivotal.
On-chain metrics reveal strong bullish signals: active addresses and futures open interest have surged, while whale wallets continue accumulating. Network growth remains consistent, indicating this rally is more than speculative froth. Transaction volume aligns with price action—a hallmark of sustainable momentum.