XRP is showing signs of repeating the price pattern that preceded its historic rally during the 2017–2018 market cycle. Recent market data suggests the asset is consolidating within a symmetrical triangle, mirroring the structure that eventually led to a 66,000% gain and pushed XRP to $3.31 nine years ago.
The initial formation of this symmetrical triangle occurred over several years. It began after XRP declined from its $0.0614 high in December 2013 and persisted until the breakout in March 2017.
Once XRP cleared the pattern, an extraordinary rally commenced. The token surged more than 66,000%, climbing from approximately $0.005 in March 2017 to a peak of $3.31 in January 2018.
A Larger Triangle Has Now Formed
The current symmetrical triangle is grander in scale and took considerably longer to develop than its predecessor. Unlike the first pattern, this one has formed across an entire market cycle.
This second triangle started taking shape after XRP dropped from its $3.31 peak in January 2018. The asset remained inside the pattern for years before finally breaking above the upper resistance line.
XRP broke above the triangle’s main resistance line during the Trump-led November 2024 rally. The breakout triggered a strong upward move, sending the asset from roughly $0.5 to $3.4 by January 2018. After the rally, XRP pulled back before climbing again to a new all-time high of $3.6 in July 2025.
Notably, the rally did not continue immediately after reaching that peak. Instead, XRP entered a deep correction that brought it back toward the previous breakout area and rising macro support. This phase represents an important test of the long-term structure, as XRP currently remains in this broader downtrend.
RSI Points to Oversold Territory
Despite ongoing weakness, one key momentum indicator has moved into an area that previously marked strong accumulation zones.
Notably, the monthly Relative Strength Index (RSI) has dropped into oversold territory at 41.85, near levels where XRP has historically attracted long-term buying interest.
Currently, the price remains weak, market sentiment has become exhausted, and much of the previous rally has faded. However, the broader breakout structure has not been invalidated. Importantly, traders should prepare for continued volatility, more testing of support, and a difficult path back upward instead of an immediate recovery.
History Suggests a Key Support Level
XRP’s current situation resembles what happened after the March 2017 breakout. Following that breakout, XRP dropped to $0.0075 in April 2017. The sudden decline brought the price back to the upper trendline of the triangle, allowing it to complete a successful breakout retest.
After finding support there, XRP resumed its rally and eventually reached $3.31 by January 2018. If buyers defend the present support area this time, the decline could become a normal post-breakout reset instead of the beginning of a larger structural breakdown.
The most important support zone now sits between $0.70 and $0.83, with $0.82 standing out as the key level. This area lines up with the upper trendline of the symmetrical triangle. Holding above that range would help XRP stay above the breakout level and keep the long-term bullish structure intact.
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