Key takeaways:
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The XRP is near the record quarterly close, echoing a 2017 setup preceding a 37,800% rally.
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On-chain signals remain supportive, with MVRV Z-Score and mid-sized holders that do not show signs of capitulation.
XRP (XRP) enters toward the whip of the highest quarterly closing price, giving way for a wider extension towards $ 15, according to analyst Milkybull crypto.
XRP Mirrors 37,800% rally setup from 2017
Like Monday – just a day before the third quarter wrapped around – the XRP traded near $ 2.86, marked a 28% gain for three months.
XRP will continue to be higher in the coming weeks or months if it stays at or above the current level until the quarter is officially closed, according to Milkybullcrypto.
His bullish perspective comes from a similar record near 2017, which precedes 37,800% XRP price rallies.
After that, the XRP completed Q4 2017 with a fresh quarterly near the top of $ 0.02, destroying a multi-year resistance area. The move quickly snowballs at a parabolic rally, carrying the token all the time peak of nearly $ 3.31 for a year.
The XRP shows an almost identical setup in 2025: a quarterly candle that flows green after years of integration, accompanied by a decisive breakout above a long resistance to the zone (the red bar), which aligns with the $ 2.20- $ 2.30 place.
“It’s broken above the resistance like the same as in 2017,” Milkibullcrypto wrote, suggesting that history could be rhyme with an ending pushing towards the range of $ 5- $ 15.
The reversed target is aligned with technical prefits that have highlights many analysts in the past, reinforces Projections of an XRP rally towards $ 15.
This includes a 2017-like symmetrical triangle breakout scenario, as shown below.
Another technical setup, a bull flag pattern, XRP projects to approach or press $ 15.
XRP rally has not been warmed up, onchain data is displayed
XRP onchain metrics are also leaning against bullish.
This includes the MVRV Z-Score of the XRP, a scale of how far the market is at the top basis of the aggregate cost. The mark remains well below the “super hot” band in conjunction with the previous blow-off tops.
A mid-cycle z-score signal still has a room for upside down up to $ 3- $ 5, while maintaining the target of $ 10- $ 15 in play.
XRP wallets holding between 10 and 100,000 tokens remained stable in the latest correction in the market, which did not show capitulation signs.
What can change bullish outlook?
Some XRP indicators simultaneously indicate correction risks, especially as it traces 470% above November 2024 low around $ 0.50.
From a technical point of view, the XRP is within what appears to be an expansion of the wedge pattern, which retreats only after testing the upper trend as a resistance.
Such a correction led the price to the lower trend, currently sitting around $ 1.60, only between 100-week (purple) and 200-week (blue) exponential transfer of averages (EMA).
XRP further demonstrates a huge difference -It between rising prices and denials Relative Strength Index (RSI)That technically indicates the slowing of the reversed momentum similar to that of the markets before the 2018 bear market.
In a scenario similar to 2018, the XRP can sink to 200-week EMA, close to $ 1.27, down by approximately 55% from current prices.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
