After trading sideways for the past few months, XRP might finally be ready for a major breakout — at least that’s what crypto analyst Mikybull Crypto believes.
In a recent tweet, Mikybull compared XRP’s current movement to its historic rally in 2017, suggesting the token could be on the verge of another 500%+ surge, potentially pushing its price as high as $14.
2025 Mirrors 2017 Chart Patterns
Mikybull shared a three-week XRP price chart showing two strikingly similar timeframes, one from 2017, when XRP skyrocketed to its then all-time high of $3.38, and the other from 2025, where the coin seems to be repeating the same triangle consolidation pattern.
In 2017, XRP moved sideways for months before exploding 1,300% in just a few weeks.. If XRP follows the same path, we could see a breakout toward $14, which would mark an impressive rally from its current price of around $2.19.
Ripple Lawsuit Could Be the Kick Start
Interestingly, this pattern is forming while Ripple’s legal battle with the SEC remains in a critical stage. The case, which has dragged on since 2020, is now in a temporary pause until August 15.
Both Ripple and the SEC have submitted a revised settlement motion, but the district court has yet to approve it. As the case ends in Ripple’s favor, it could unlock the next major rally.
On-Chain Metrics Support Bullish Case
Fueling the bullish outlook further, data from Santiment shows a massive spike in XRP’s on-chain activity. Daily active addresses have surged to 295,000, a 7x jump from the three-month average of just 40,000.
Meanwhile, whale accumulation has hit a record high, with over 2,700 wallets now holding at least 1 million XRP — the highest in the token’s 12+ year history.
On the other hand, trading volume also jumped 157% to $5.26 billion, indicating rising investor interest.
