XRP has lost momentum after a recent rally that briefly pushed the token toward $1.70. Now one analyst says the pullback looks like a repeat of a 2024 pattern — one that preceded a potential 650% surge.
The pullback and the pattern
The token's retreat comes after a sharp climb that had traders watching the $1.70 level. But instead of breaking through, XRP turned lower, leaving investors to wonder if the move is a pause or a reversal.
According to the analyst, the current price action mirrors a specific setup from 2024. That year, XRP went through a similar consolidation phase before breaking out in a big way. The analyst argues that if history repeats, the token could be setting up for a move that would take it far beyond its recent highs.
What a 650% surge would mean
The analyst's projection isn't modest. A 650% jump from current levels would put XRP well above its all-time high, a level it hasn't touched in years. But the claim rests on the idea that the 2024 pattern is playing out again — a big if.
For now, the token is stuck in a range, and the market's mood has shifted. Volume has thinned, and traders are waiting for a clear signal. The analyst's call adds to the chatter, but it's not a forecast that comes with guarantees.
Why the pattern matters
XRP has a history of sharp moves after long periods of quiet. The 2024 pattern, as described, involved a similar stretch of low volatility before a sudden breakout. If that's what's happening now, the recent pullback could be the calm before a storm.
But patterns don't always hold. The token's fate depends on broader market conditions, regulatory news, and whether buyers step back in. The analyst's view is one take, not a consensus.
The next few sessions will tell. If XRP holds its current support and starts climbing again, the 2024 comparison gains traction. If it keeps sliding, the pattern talk will fade. Either way, the token's direction is the only thing that matters.
