XRP is poised for a 530% increase to $14 if this happens.

In the past month, the price of XRP has traded within a range of $2.05 to $2.4, while continuing to consolidate the upward trend on the weekly timeframe.

Some analysts believe that the current technical phenomenon bears many similarities to the price movements of XRP in 2017, before the coin witnessed a strong breakout to its all-time high.

XRP could aim for a growth of 530% in the near future.

Although the price has stabilized below the $3 threshold since the beginning of February, analysts believe that XRP could recover strongly from the current level if similar breakouts continue like in 2017.

Analyst Mikybull Crypto believes that the price action in the current three-week timeframe is very similar to the scenario of 2017, when XRP began a strong upward trend, resulting in an increase of up to 1,300%, reaching a peak of about 3.4 dollars.

"This is a scenario I have witnessed before," the analyst shared in a post on X, emphasizing: "The feeling of a breakout similar to 2017 is returning."

The price volatility of this altcoin is following a similar pattern on the weekly timeframe, as can be seen in the chart below.

The "Bull Flag" ( is a bullish continuation pattern, formed when the price rises sharply )flagpole(, then temporarily pauses and consolidates in a small symmetrical triangle )flag(. This is a sign that the bullish trend is still strong and likely to continue.

! [])https://img.gateio.im/social/moments-c5e5477868751e8ee86a450caa86f44a(XRP/USD Weekly Chart | Source: TradingViewThis pattern usually ends when the price crosses the resistance line of the triangle and continues to rise sharply, with an increase equivalent to the height of the previous uptrend. Applied to XRP, this could take the price to $14, which equates to a 530% increase from the current price.

These analyses completely align with previous forecasts that XRP could reach $27, based on technical indicators such as fractal charts, Elliott wave analysis, and Fibonacci extensions. Some experts even suggest that the price of XRP could surge by as much as 1,100%, reaching $25, if the XRP spot ETF is approved in the United States.

XRP price needs to reclaim the 200-day SMA

The strong growth potential of XRP is becoming increasingly evident in the recovery process that began on April 10, when the RSI index rose from the oversold level of 29 to 52 at the current time.

Investors are focusing on breaking the resistance level at $2.27 — corresponding to the 50-day simple moving average )SMA(. This breakout will signal a stronger growth phase in the future.

The current upward trend of XRP depends on whether this currency can turn the important resistance levels between $2.37 )SMA 200 days( and $2.65 into solid support levels. If the price can close above these levels, it will signal a major breakout, paving the way for a return to $3 or even reaching a seven-year high, above $3.31.

![])https://img.gateio.im/social/moments-7d21935c4aa5c1ee9e0fc9e227856ae6(Daily chart XRP/USD | Source: TradingViewBreaking the resistance level at $2.65 could trigger a sustained recovery, pushing the price of XRP above $3 in the near future.

Taylor