Some analysts are referencing old bullish charts of XRP to predict a new price explosion, with many commentators, including CRYPTOWZRD and JD, stating that the current price structure of XRP reflects the bullish run of 2017.
At that time, XRP spent many months consolidating within a massive symmetrical triangle before breaking out, briefly retesting the support level and then accelerating over 11,900% in less than a year.
Chart analysts indicate that today's consolidation phase is showing the same pattern, predicting that XRP will reach the cycle target of 20 dollars. However, the conditions in 2025 will be very different, making the possibility of achieving results like in 2017 uncertain.
Long-term XRP Holders Are Skeptical
One way to check if the bullish of XRP in 2025 truly reflects that of 2017 is to look at the Net Unrealized Profit/Loss ( NUPL ) for long-term holders.
In 2017, when XRP broke out of the massive triangle pattern and began a strong bullish rally, the long-term held NUPL went straight into the Euphoria–Greed zone (blue).
This means that holders are enjoying large profits and are still confident enough to continue the bullish trend.
It is important that the mindset never returns to the "Belief-Denial" stage (green) until after the peak, showing strong confidence in the bullish parabolic rise.
In 2025, the situation seems different. Although XRP has risen sharply, NUPL data indicates that long-term holders have shifted from a state of excitement - greed to belief - denial.
This phase shows that investors are questioning whether the bullish trend can continue, a sign of hesitation rather than confidence.
Instead, their mood seems to resemble that of 2021, when excitement gave way to doubt just before the market cooled down.
The XRP price is still weak compared to Bitcoin
In 2017, the bullish trend of XRP in US dollars was also accompanied by a strong increase compared to Bitcoin. At that time, the XRP/BTC pair rose over 3,700% to more than 0.00023 BTC within a year. This move reflected XRP's position at that time as one of the few large-cap altcoins focused on payments.
In 2025, the structure will be different.
XRP/BTC has recovered to around 0.000025 BTC in September from a low of nearly 0.000010 BTC in mid-2024. However, this currency pair is still about 90% lower than its peak in 2017.
This currency is continuing to test the long-term distribution zone at the level of 0.000025–0.000030 BTC, where the bullish momentum has stalled multiple times during the period of 2019-2022.
The ICO boom of 2017 also had fewer competitors, with XRP being one of the oldest cryptocurrencies. Today, it competes with rivals such as Ether ( ETH ), Solana ( SOL ), and Sui ( SUI ), along with developing stablecoins in the cross-border payment sector.
In other words, this time speculators of XRP will find it difficult to achieve a five-digit bullish growth like in 2017.
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XRP 2025: Will It Repeat the 11,900% Surge Like in 2017?
Some analysts are referencing old bullish charts of XRP to predict a new price explosion, with many commentators, including CRYPTOWZRD and JD, stating that the current price structure of XRP reflects the bullish run of 2017. At that time, XRP spent many months consolidating within a massive symmetrical triangle before breaking out, briefly retesting the support level and then accelerating over 11,900% in less than a year. Chart analysts indicate that today's consolidation phase is showing the same pattern, predicting that XRP will reach the cycle target of 20 dollars. However, the conditions in 2025 will be very different, making the possibility of achieving results like in 2017 uncertain. Long-term XRP Holders Are Skeptical One way to check if the bullish of XRP in 2025 truly reflects that of 2017 is to look at the Net Unrealized Profit/Loss ( NUPL ) for long-term holders. In 2017, when XRP broke out of the massive triangle pattern and began a strong bullish rally, the long-term held NUPL went straight into the Euphoria–Greed zone (blue).
This means that holders are enjoying large profits and are still confident enough to continue the bullish trend. It is important that the mindset never returns to the "Belief-Denial" stage (green) until after the peak, showing strong confidence in the bullish parabolic rise. In 2025, the situation seems different. Although XRP has risen sharply, NUPL data indicates that long-term holders have shifted from a state of excitement - greed to belief - denial.
This phase shows that investors are questioning whether the bullish trend can continue, a sign of hesitation rather than confidence. Instead, their mood seems to resemble that of 2021, when excitement gave way to doubt just before the market cooled down. The XRP price is still weak compared to Bitcoin In 2017, the bullish trend of XRP in US dollars was also accompanied by a strong increase compared to Bitcoin. At that time, the XRP/BTC pair rose over 3,700% to more than 0.00023 BTC within a year. This move reflected XRP's position at that time as one of the few large-cap altcoins focused on payments.
In 2025, the structure will be different. XRP/BTC has recovered to around 0.000025 BTC in September from a low of nearly 0.000010 BTC in mid-2024. However, this currency pair is still about 90% lower than its peak in 2017. This currency is continuing to test the long-term distribution zone at the level of 0.000025–0.000030 BTC, where the bullish momentum has stalled multiple times during the period of 2019-2022. The ICO boom of 2017 also had fewer competitors, with XRP being one of the oldest cryptocurrencies. Today, it competes with rivals such as Ether ( ETH ), Solana ( SOL ), and Sui ( SUI ), along with developing stablecoins in the cross-border payment sector. In other words, this time speculators of XRP will find it difficult to achieve a five-digit bullish growth like in 2017.