{"id":69471,"date":"2026-03-11T10:16:36","date_gmt":"2026-03-11T10:16:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-hits-bottom-as-setup-mirrors-a-move-that-preceded-the-2017-rally\/"},"modified":"2026-03-11T10:16:36","modified_gmt":"2026-03-11T10:16:36","slug":"xrp-hits-bottom-as-setup-mirrors-a-move-that-preceded-the-2017-rally","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-hits-bottom-as-setup-mirrors-a-move-that-preceded-the-2017-rally\/","title":{"rendered":"XRP hits bottom as setup mirrors a move that preceded the 2017 rally"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-39-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-39-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-39-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-39-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>XRP may have completed a long correction and formed a market bottom.<\/li>\n<li>Analysts say the current setup mirrors the pattern before the 2017 rally.<\/li>\n<li>A Wave-5 breakout could drive XRP toward the $5.85 target.<\/li>\n<\/ul>\n<p>XRP has spent the past several months moving through a slow and frustrating consolidation phase that many traders now believe may represent the final stage of its correction.<\/p>\n<p>The digital asset is currently trading around $1.38 after a period of mixed performance that has seen short bursts of strength followed by pullbacks.<\/p>\n<p>This kind of sideways movement often appears near the end of a market correction, which is why some analysts are beginning to argue that XRP may already be forming a long-term bottom.<\/p>\n<p>The argument is based on a technical structure that looks strikingly similar to the pattern that developed before XRP\u2019s historic rally in 2017.<\/p>\n<p>Back then, the token spent months drifting through a quiet accumulation phase while the broader market paid little attention to it.<\/p>\n<p>When the breakout finally arrived, the price accelerated rapidly and caught much of the market off guard.<\/p>\n<p>Today, analysts believe the same type of structure may be forming once again.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a>&#8216;s pattern setup and breakout process was extremely similar to that 2017 move and with this being, there is potential we see this overall run unfold in an identical manner.<\/p>\n<p>Doing so means that right now is only a temporary pullback before a move well above the $20 mark\u2026 <a href=\"https:\/\/t.co\/1MIriZ4Rqn\">pic.twitter.com\/1MIriZ4Rqn<\/a><\/p>\n<p>\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) <a href=\"https:\/\/twitter.com\/JavonTM1\/status\/2030326994974515444?ref_src=twsrc%5Etfw\">March 7, 2026<\/a><\/p>\n<\/blockquote>\n<p>Several technical charts show XRP completing a large corrective pattern that has been unfolding for months.<\/p>\n<p>According to this view, the correction appears to have finished its final wave, which often marks the point where a new bullish cycle begins.<\/p>\n<p>If the structure continues to play out as expected, XRP could now be entering the early stage of its next major upward move.<\/p>\n<p>This possibility has renewed interest among traders who remember how quickly XRP moved once momentum returned during the previous cycle.<\/p>\n<h2>Analysts point to a potential Wave-5 breakout<\/h2>\n<p>Furthermore, a number of market analysts have turned to Elliott Wave theory to explain why they believe XRP may be close to a turning point.<\/p>\n<p>Under this model, markets move through a series of impulsive waves followed by corrective phases that prepare the ground for the next advance.<\/p>\n<p>Some analysts, like Dark Defender, believe XRP has just completed an extended corrective structure that lasted several months.<\/p>\n<p>That correction appears to have formed an ABC pattern, which is often seen near the end of a downward phase.<\/p>\n<p>With that structure now appearing complete, analysts say the market may be entering the final upward wave of the cycle.<\/p>\n<p>This final stage is known as Wave 5 and is typically associated with strong bullish momentum.<\/p>\n<p>One widely discussed projection places the next major price objective near $5.85 if the breakout develops as expected.<\/p>\n<p>Reaching that level would represent a substantial recovery from current prices and would mark one of the strongest rallies XRP has seen in years.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">XRP completed the large C Wave with 5 Sub-Waves. <\/p>\n<p>Wave 5 towards the $5.85 level is here. <br \/>(N F A)<a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> Bull Run will be facemelting. <a href=\"https:\/\/t.co\/8yQaJcfLjq\">pic.twitter.com\/8yQaJcfLjq<\/a><\/p>\n<p>\u2014 Dark Defender (@DefendDark) <a href=\"https:\/\/twitter.com\/DefendDark\/status\/2031297360853188899?ref_src=twsrc%5Etfw\">March 10, 2026<\/a><\/p>\n<\/blockquote>\n<p>However, analysts also emphasise that the move will likely unfold in stages rather than in a straight line.<\/p>\n<p>Several resistance zones remain along the path, including levels near $1.88, $2.35, and just above the $3 mark.<\/p>\n<p>Each of these areas could slow the advance as traders take profits and the market absorbs new buying pressure.<\/p>\n<p>Still, clearing those barriers could open the door for a much larger move.<\/p>\n<h2>Long-term projections stretch far beyond the first targets<\/h2>\n<p>While the $5.85 level has attracted attention in the short term, some analysts believe XRP\u2019s potential upside could extend much further.<\/p>\n<p>A more aggressive interpretation of the current wave structure suggests the asset could eventually climb toward the $8 to $14 range during the next phase of the cycle.<\/p>\n<p>In the most optimistic scenario, the final leg of the rally could even approach the $20 region if market conditions remain supportive.<\/p>\n<p>These projections remain speculative, but they reflect growing confidence that the current structure may be setting up a larger trend reversal.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/xrp-hits-bottom-as-setup-mirrors-a-move-that-preceded-the-2017-rally\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) XRP may have completed a long correction and formed a market bottom. Analysts say the current setup mirrors the pattern before the 2017 rally. A Wave-5 breakout could drive XRP toward the $5.85 target. XRP has spent the past several months [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":69472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69471"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=69471"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/69472"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=69471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=69471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=69471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}