XRP is showing a trendline structure that previously appeared before its historic 70,000% rally during the 2017 cryptocurrency market cycle, according to crypto analyst Cleo Schmidt. The comparison suggests a multi-stage path that could eventually take XRP toward the $13 level, but only if the token successfully holds key retests along the way.
Schmidt outlines three scenarios. The first scenario places XRP around $1.10 before a possible pullback to $0.97 and a subsequent recovery toward $1.80. The second scenario begins around $1.80, with a projected advance to $2.70 before XRP potentially reaches $3.20. The third scenario projects a stronger move from $3.20 toward $6.50 before XRP potentially advances toward the $13 target.
Schmidt considers the third retest particularly important, as holding that structure could mark the beginning of a broader expansion phase. However, the analyst's roadmap depends on XRP respecting the sequence of retests rather than simply reaching individual price targets. Losing important structural levels could weaken the resemblance between XRP's current trendline and the formation observed in 2017.
Although XRP eventually recorded gains exceeding 70,000% during the 2017 cycle, the analysis does not guarantee an identical percentage increase. Market liquidity, investor positioning, broader cryptocurrency conditions, and trading activity differ substantially from the previous rally.
