XRP Market Structure Shows Familiar Patterns That Many Investors Ignore

XRP appears to be repeating a bullish rectangular structure on the 1-month chart, which preceded a 617% price spike in 2017.

The current rectangular structure started taking shape in December 2024, right after the November 2024 breakout that allowed XRP to rally from the $0.5 range to $2. After soaring to a peak of $3.4 by January 2025, XRP faced resistance at this level, witnessing a pullback. However, it held strong, consolidating within a range between $1.6 and $3 throughout 2025.

XRP has maintained this range into the new year, 2026, leading to the formation of a multi-month bullish rectangular structure on the monthly chart. Interestingly, data from the monthly chart indicates that XRP traded within a similar multi-month rectangular structure before it surged 617% in 2017.

Key Points

• XRP currently trades within a bullish rectangular structure on the 1-month chart, which has the potential to break to the upside.
• This structure began forming after XRP soared to $3.4 in January 2025 and pulled back, leaving prices to consolidate between $1.6 and $3.
• The current structure resembles a similar triangular consolidation that XRP observed in 2017, which led to a 617% rally.

XRP Bullish Triangular Structure

EGRAG Crypto, a skilled chartist, highlighted this rectangular structure in a recent analysis. According to him, the patterns have appeared “everywhere,” but most market participants have refused to look.

Data from his chart shows that XRP has continued to consolidate within a range of $1.6 and $3 since it collapsed from the $3.4 peak in January 2025. While the altcoin has witnessed occasional upswings to prices such as $3.66, attained in July 2025, it spent most of 2025 trading within the $1.6 and $3 range.

This range-bound phase has sustained the price action within the bullish rectangular structure. The XRP price attempted to engineer a breakout above the upper trendline during the July 2025 rally to $3.66, but the resistance at this trendline forced a pullback. EGRAG expects a successful breakout to lead to outsized gains.

Historical Context

EGRAG’s optimism comes from the historical context surrounding XRP’s interactions with past bullish rectangular structures. Specifically, data from the 1-month chart indicates that this structure first appeared during the 2015 to 2017 period. Notably, within this period, XRP traded between $0.009 and $0.028 from February 2015 to February 2017.

By March 2017, XRP staged a breakout above the structure, leading to a price run. This price run pushed XRP from $0.00555 in March 2017 to $0.3988 by May 2017. This represented a 617% increase in price within three months. 

Interestingly, XRP also saw a smaller bullish rectangular structure in 2024. Specifically, from February to October 2024, the XRP price traded within a range of $0.4 and $0.74. However, the November 2024 upsurge, which emerged on the back of President Trump’s election victory, pushed XRP from $0.5 to $3.4 by January 2025, a 580% rise within three months.