Main Insights:
XRP approaches a historic quarterly close, reminiscent of a 2017 scenario that led to a 37,800% surge.
On-chain metrics remain favorable, with MVRV Z-Score and mid-sized holders showing stability without capitulation signs.
XRP (XRP) is on the verge of achieving its highest quarterly close, setting the stage for a potential rise towards $15, as suggested by analyst Milkybull Crypto.
XRP Reflects 37,800% Rally Setup from 2017
As of Monday—just ahead of the third quarter’s conclusion—XRP was trading around $2.86, a 28% increase over the past three months.
If XRP maintains its current level until the quarter closes, it could experience additional gains in the following weeks or months, according to MilkybullCrypto.
This optimistic view stems from a similar pivotal close in 2017, which led to an impressive 37,800% increase in XRP’s value.
During that period, XRP concluded Q4 2017 with a record quarterly close above $0.02, breaking through a significant resistance area. This quickly triggered a parabolic surge, propelling the token to an all-time high of nearly $3.31 within a year.
Currently, XRP is following an almost identical trajectory in 2025: a quarterly candle turning positive after years of consolidation, with a significant breakout above a long-term resistance zone (the red bar) aligning with the $2.20–$2.30 range.
“Already broken above the resistance, similar to 2017,” wrote MilkibullCrypto, hinting that history may repeat itself with a push towards the $5–$15 range.
This target is consistent with technical analyses from various analysts, bolstering expectations of an XRP rally towards $15.
This includes a 2017-like symmetrical triangle breakout scenario, illustrated below.
Another technical pattern, a bull flag, forecasts XRP may reach or exceed $15.
XRP Rally Still Has Room to Grow, On-Chain Data Indicates
XRP’s on-chain metrics are looking bullish.
This includes the MVRV Z-Score, which measures how much the market value exceeds the aggregate cost basis of holders. The score is still well below the “overheated” range that was associated with previous peak prices.
A mid-cycle Z-Score indicates there’s potential for further upside toward $3–$5, while keeping the long-term target of $10–$15 feasible.
XRP wallets holding between 10 and 100,000 tokens have remained stable throughout the recent market correction, exhibiting no signs of capitulation.
What Could Shift the Positive Outlook?
Some indicators for XRP are suggesting potential correction risks, especially since it is trading 470% above its November 2024 low of approximately $0.50.
Technically, XRP is moving within what seems to be a broadening wedge pattern, having just pulled back after testing the upper trendline as resistance.
This type of correction has historically led prices to gravitate towards the lower trendline, which currently stands at around $1.60, situated between the 100-week (purple) and 200-week (blue) exponential moving averages (EMA).
Furthermore, XRP is showing a significant divergence between its increasing prices and a declining relative strength index (RSI), indicating a potential slowdown in upward momentum similar to past market behaviors before the 2018 downturn.
If a scenario similar to 2018 unfolds, XRP could decline towards its 200-week EMA, nearing $1.27, which is about a 55% drop from current price levels.
This article does not represent investment advice or recommendations. Every investment and trading decision carries risk, and readers should perform their own research before making choices.
