Is XRP Preparing for a Price Surge? Analyst Highlights Key Support

TLDR

• Amonyx believes XRP is poised for a significant price surge, based on historical patterns.
• XRP’s current market structure mirrors its 2017 performance, suggesting a potential upward move.
• The analysis reveals that XRP is testing key support levels, similar to those during its past rally.
• Fibonacci projections suggest potential future price levels for XRP, ranging from $9.11 to $30.90.
• Despite broader market fluctuations, XRP has maintained a strong position within its long-term trend channel.

Crypto commentator Amonyx (@amonbuy) recently suggested that XRP could be on the verge of a significant price surge. His remarks followed an analysis by XRPunkie (@Shawnmark7899), which compared XRP’s current market structure to its 2017-2018 performance. The technical similarities between the two periods suggest that XRP may be poised for a sharp upward move.

Amonyx Highlights Potential for XRP’s Price Surge

Amonyx’s comments on X have sparked interest among crypto traders and market analysts. The crypto commentator believes that XRP could follow a similar pattern to its previous rally. XRPunkie’s analysis highlights a recurring market structure observed in both 2017 and 2025. This pattern, marked by deep wicks testing lower support levels, preceded XRP’s significant rebound in 2017.

The analysis suggests that XRP might replicate this price behavior and experience another significant upward move. XRP’s steady performance within a long-term ascending channel adds weight to this speculation. The deep wick seen on the chart suggests that the price is approaching a key support level, which could trigger the next rally.

Historical Comparison Points to Possible Continuation

XRPunkie’s chart compares the current market structure with XRP’s previous price action. The analysis highlights the same trendlines and exponential moving averages that appeared in 2017. XRP’s price previously tested these lower levels before making a sharp recovery.

According to the chart, XRP is currently at a similar point to where it was in 2017. XRP’s price is testing the lowest trendline, showing a potential foundation for another upward move. The market setup strongly resembles XRP’s previous rally, where it bounced from a similar base before surging.

The chart also incorporates Fibonacci extensions, which project possible future price levels for XRP. The Fibonacci markers at 9.1146, 15.0450, and 30.9 suggest that XRP could reach these levels if the pattern repeats. These key markers could indicate where XRP’s price might rise if the support level holds.

XRP’s Current Market Status and Future Outlook

At the time of the analysis, XRP was trading at $2.39. Despite fluctuations in the broader crypto market, XRP has maintained a strong position within its long-term trend channel. Many traders and analysts are now closely watching XRP’s price behavior to see if it mirrors the 2017 rally.

The technical analysis has drawn attention to XRP’s potential in the near future. Traders are speculating that XRP could follow a similar trajectory to its 2017 performance. With the current market structure aligning with past patterns, XRP might be on the verge of a significant breakout.

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