"Is XRP on Track to Rekindle Its Legendary 2017 Bull Run?" -

XRP Breaks New Ground Above $3.50 as 2017 Echoes Resurface

XRP hit fresh record highs above $3.50 early Friday, reigniting speculation that the payments token could be repeating its legendary 2017 bull run.

The move follows a major breakout from a multi-year symmetrical triangle pattern, which had compressed XRP’s price since 2018. That structure closely resembles the formation preceding the 2017 rally — when XRP surged from fractions of a cent to over $3 in under a year.

Since November 2024, XRP has surged more than 580%, with this month’s price action pushing it beyond key resistance zones.

“It’s not history repeating, but it sure looks like it’s rhyming,” analysts noted, referencing the famous Mark Twain quote.

Volatility Spikes Suggest Near-Term Pause

XRP’s recent gains have stretched volatility indicators to multi-month extremes. Bollinger Bands have widened to their highest since December, signaling an increased chance of consolidation.

At the same time, momentum metrics like the MACD histogram and RSI are cooling — both pointing to a potential short-term correction or range-bound behavior.

🔍 Outlook: A pullback or sideways action between $2.90 and $3.50 may unfold before the next trend leg develops.

Resistance: $3.50 (ATH)
Support: $3.40, $3.00, $2.90

Bitcoin Fails to Hold $120K, Eyes Retest of Support

Bitcoin continues to struggle above $120,000, with multiple intraday rejections this week. Long upper wicks on daily candles and mixed signals around the 50- and 100-hour moving averages hint at bull exhaustion.

The 14-day RSI rolling over from overbought territory adds to the case for a possible retracement — likely toward the former record high near $111,965.

💡 AI Take: BTC likely needs a healthy consolidation before reattempting a sustained breakout above $120K.

Resistance: $123,181, $130,000, $140,000
Support: $117,500, $115,740, $111,965

Ether Preps for Rally With BTC Ratio Cross in Sight

Ethereum (ETH) is flashing signs of strength against Bitcoin, despite some short-term RSI divergence. The ETH/BTC pair is approaching a golden cross — where the 50-day moving average crosses above the 200-day — often seen as a bullish signal.

Price action remains firm above short-term averages, and broader trend alignment suggests Ether could continue outperforming, with upside targets around $4,000–$4,300.

🧠 AI Take: ETH’s long-term structure supports continuation; dips may be shallow and quickly bought.

Resistance: $4,000, $4,100, $4,300
Support: $3,420, $3,083, $3,000

Solana Pauses Below Resistance, But Structure Remains Bullish

Solana (SOL) has stalled near the $185–$187 resistance zone, the same range it tested in May. However, bullish momentum remains intact, supported by strong positioning above the Ichimoku Cloud and positive signals from the Guppy indicator.

Traders are watching closely for a potential hourly breakdown below the cloud, which could open the door for deeper short-term retracements.