Will XRP Repeat the 2021 Pattern? A 70% Retracement Looms After 2018 High
XRP price has surged, reminiscent of the 2025 bull run, but analysts are eyeing a potentially repeating pattern from 2018. Is history about to repeat itself? Will Ripple avoid a style crash, or will it experience another significant drop? Read on to understand the potential for a 70% retracement.
The Yearly Ripple Effect: A Pattern That Keeps Repeating?
Over Ripple’s native token XRP is currently trading around $0.51 and is up nearly 7% today. This spike in price comes after a period of consolidation and fuels speculation about a new bull run. But here’s where it gets interesting.
The 2025 Rally and the Unfulfilled Promise
Despite XRP rallying hard during the bull run in 2025, it failed to climb above its all-time high of $3.40, reached in January 2025. The leading altcoin only reached a high of $1.60. The chart showed that despite a struggle to hit new heights, XRP failed to reclaim its previous peak, facing a substantial 70% retracement from its 2018 high. SOMMI predicts a similar pattern.
Banking Adoption and the XRP Narrative
Forgetting XRP’s unique correlation to banking adoption trends is a crucial oversight. Ripple’s partnerships and adoption within the financial industry contribute significantly to its value proposition. However, this hasn't always translated into consistent price appreciation, especially when considering broader market forces.
Can XRP Surpass Its All-Time High?
If the 2025 rise repeats, and XRP overcomes resistance, it might surpass its all-time high of $3.84, solidifying its position. While XRP is an opportunity, Rexas', caution is advised. The key question remains: can XRP break free from the historical pattern of retracement and achieve sustained growth?