XRP Could Hit ₱1,218 ($20) If 2017 Rally Pattern Repeats

Market analyst @Cryptocupra told followers on May 4 that XRP is displaying the exact structure that led to its 2017 parabolic rally.

The analyst identified a descending triangle pattern in XRP's current price action that mirrors the setup from 2017, when the token traded at $0.006 before surging above $3.84 by 2018. @Cryptocupra predicted a final shakeout before the trend reverses to the upside. Market expert Crypto Patel backed the bullish thesis, saying XRP's potential rally toward the ₱609 ($10) to ₱1,218 ($20) range is absolutely still on the table.

XRP currently trades around $1.40 after hitting above $3.5 in 2025. Crypto Patel pointed to a critical accumulation zone between $0.70 and $1.10 that could fuel the next parabolic move, citing how XRP jumped from $0.50 in November 2024 to over $2.60 in just 30 days.

The bullish outlook comes as Ripple's network offers transaction speeds 1,000 times faster than Bitcoin and costs 99% less than Ethereum, according to Crypto Patel. Those fundamentals could attract institutional interest if XRP clears regulatory hurdles. A U.S. court ruled in July 2024 that programmatic XRP sales on exchanges were not securities, partially resolving a December 2020 SEC lawsuit that had suppressed price action for years.

Bloomberg analysts assessed a 95% chance of XRP ETF approval following Ripple's legal win, which would open the token to mainstream institutional buyers. Crypto Patel said a surge to ₱609 ($10) is closer than ever, citing the accumulation zone between $0.70 and $1.10 as the launchpad for the next rally.