Analyst Says XRP Could Repeat 10,000% Rally as Weekly Chart Shows Early Breakout
An independent analyst known as CryptoBull highlighted a weekly chart suggesting XRP may be at the start of a repeat of its historic 10,000% rally. The report compares the current price structure and consolidation to the 2017–2018 surge pattern, overlaying the prior run (white line) with a projected trajectory (green line). XRP was trading near $1.33 at the time of the post; if a literal 10,000% move occurred, that would imply a theoretical price target near $134.33. The article frames this setup as attractive for momentum traders, noting key support holds during consolidation and advising close monitoring of breakout signals. The piece includes the usual disclaimer that the view is opinion-based and not financial advice.
Bullish
The article is categorically bullish because it presents a chart-based argument that XRP’s current weekly consolidation mirrors the structure that preceded its historic 10,000% surge. For traders, pattern repetition and the presence of established support during consolidation are classic momentum signals: if confirmed by a breakout on higher timeframe (weekly) volume, they often lead to accelerated upside as retail and institutional participants pile in. Short-term implications: elevated volatility and buying interest around breakout levels, plus potential sharp intraday moves as stop/limit orders execute. Traders should watch weekly close above resistance, breakout volume, and whether support levels hold on pullbacks. Long-term implications: while the historical comparison is eye-catching, repeating a 10,000% move is unlikely without major macro or fundamental catalysts (regulatory clarity, significant on-chain activity, or broad market bull run). Past examples (2017–2018 altcoin parabolic moves) show rapid gains can be followed by deep corrections; risk management and position sizing are essential. In summary, the technical setup is bullish for momentum traders but speculative; confirmation from price action and volume is required before treating the scenario as probable.